Retail Property Asking Price Index – Sale Trends

Retail Property Asking Price Index – Sale Trends

Jun 16 vs. 3 mo. prior Y-O-Y

State

$119.45 +4.9% +8.4%

Metro

$85.53 +1.8% +1.7%

County

$82.41 +1.1% +3.4%

City

$85.51 +3.9% +7.0%

Current Memphis market trends data indicates an increase of +3.9% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with an increase of +7.0% compared to last year’s prices. County-wide, asking prices for Retail Commercial properties are 1.1% higher at $82 per sq ft compared to the current median price of $86 per sq ft for Retail Commercial properties in Memphis, TN.

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