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Office Property Asking Rent – Lease Trends

Office Property Asking Rent – Lease Trends

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

State

$16.13 +0.3% +2.8%

Metro

$16.61 +0.1% -0.1%

County

$16.74 +0.0% +0.0%

City

$16.99 -0.2% +0.1%

The average asking rental rate per sq ft/year for Office properties in Memphis, TN as of Jun 16 was $16.99. This represents a decrease of -0.2% compared to the prior 3 months, with an increase of +0.1% year-over-year. County-wide, average rental rates in Memphis are +0.0% higher at $16.74 per sq ft/year for Office properties currently for lease.

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.

Izakaya owner tells what’s next for 19th Century Club

Izakaya owner tells what’s next for 19th Century Club

 

http://www.bizjournals.com/memphis/news/2017/04/20/izakaya-owner-tells-whats-next-for-19th-century.html

Pop-up park Downtown will have skating rink, basketball courts, food trucks

Pop-up park Downtown will have skating rink, basketball courts, food trucks

 

http://www.bizjournals.com/memphis/news/2017/04/11/pop-up-park-downtown-will-have-skating-rink.html

Multifamily Construction Loans Are Harder to Find

Multifamily Construction Loans Are Harder to Find

 

http://m.nreionline.com/multifamily/multifamily-construction-loans-are-harder-find

Office Vacancies Rise Nationwide in U.S.

Office Vacancies Rise Nationwide in U.S.

 

http://www.worldpropertyjournal.com/real-estate-news/united-states/los-angeles-real-estate-news/cbre-office-market-vacancies-rise-2017-office-vacancy-rates-office-market-data-2017-jeffrey-havsy-national-office-rental-rates-commercial-real-estate-news-10341.php

America’s Retailers Are Closing Stores Faster Than Ever

America’s Retailers Are Closing Stores Faster Than Ever

 

https://www.bloomberg.com/news/articles/2017-04-07/stores-are-closing-at-a-record-pace-as-amazon-chews-up-retailers

City moves forward with plans for new convention center hotel

City moves forward with plans for new convention center hotel

 

http://www.bizjournals.com/memphis/news/2017/04/12/city-moves-forward-with-plans-for-new-convention.html

Solving The Mystery Of Government-Owned Real Estate

Solving The Mystery Of Government-Owned Real Estate

 

https://www.forbes.com/sites/bisnow/2017/04/11/solving-the-mystery-of-government-owned-real-estate/#5706f7ed2bd0

Railgarten’s shipping containers could be a problem for the venue

Railgarten’s shipping containers could be a problem for the venue

 

http://www.bizjournals.com/memphis/news/2017/04/12/railgartens-shipping-containers-could-be-a-problem.html