Memphis Industrial Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, CBRE, Colliers
Quarterly industrial market indicators for Memphis, aggregated by PropZone from Cushman & Wakefield, CBRE, Colliers. As of Q1 2026, average asking rent was — with a 7.2% vacancy rate.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 7.2% | — | — | Cushman & Wakefield |
| Q1 2026 | — | — | — | — | CBRE |
| Q1 2026 | — | 1.9% | 72K SF | — | Colliers |
How the brokerage sources compare
For Q1 2026, the brokerages PropZone aggregates for Memphis industrial did not fully agree. On vacancy, the sources span 5.3 points — from 1.9% (Colliers) to 7.2% (Cushman & Wakefield). PropZone reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Colliers | 1.9% | — | — |
| CBRE | — | — | 16.0% |
| Cushman & Wakefield | 7.2% | — | — |
Per-brokerage figures for Q1 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Memphis?
- PropZone aggregates industrial asking-rent data for Memphis from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the industrial vacancy rate in Memphis?
- The industrial vacancy rate in Memphis was 7.2% as of Q1 2026 (Cushman & Wakefield).
- Where does PropZone's Memphis market data come from?
- This report aggregates quarterly industrial market data for Memphis from Cushman & Wakefield, CBRE, Colliers.
- How much do brokerage estimates differ for industrial space in Memphis?
- For Q1 2026, the brokerage sources PropZone aggregates for Memphis did not fully agree. On vacancy, the sources span 5.3 points — from 1.9% (Colliers) to 7.2% (Cushman & Wakefield). PropZone reconciles these into a single consensus median rather than relying on any one brokerage.
Looking for active inventory? Browse industrial listings, read how to buy industrial property, see interactive market trends, or estimate a property's rent or price.