T
he local industrial real estate market is showing no signs of slowing down, with strong leasing activity and positive net absorption reported in the second quarter. According to CBRE and Cushman and Wakefield | Commercial Advisors, the market's momentum from the first quarter has carried over into the mid-year mark.
Despite this optimism, brokers are cautioning that uncertainty surrounding macro issues is causing some companies to delay decisions on new investments or expansions. Patrick Walton, executive vice president of CBRE, notes that resolution of these issues would greatly benefit Memphis' industrial real estate market.
The strong start to the year has left many in the industry feeling optimistic about the future prospects for local industrial real estate. However, it remains to be seen how long this momentum will last and what impact any potential economic shifts may have on the market.
