Memphis’ job growth clearly spells out the momentum that is beginning to build and sets the stage for investors getting in early while properties still cash flow and then appreciate in value over time, which is the key to successful real estate investing.
The rapidly improving apartment occupancies are being fueled by new job growth, a lack of residential single family development and very little new apartment construction.
Memphis is a unique city in terms of its diversified economy which helps to avoid the pitfalls of the boom and bust economies of the past. The leading industries include Logistics, Warehousing, Medical, Bio Medical, overnight delivery, Agriculture and a very strong Financial Sector. This diversified landscape clearly spells opportunity for the savvy real estate investor.
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