Market Snapshot Salt Lake City Q1 2025

Market Overview

Memphis held steady in Q1 2025, with average occupancy at 92.4% and annual rent growth of 2.4%. The market’s affordability and concentration of workforce housing continue to support demand, especially in submarkets like Bartlett and Southeast Memphis. While new deliveries were limited, developers are cautiously eyeing new starts amid ongoing investor interest. Memphis remains a logistics and transportation powerhouse, with FedEx and related industries driving job growth—making it a consistent performer among smaller Southeastern metros.

About MMG

MMG’s Memphis multifamily reports strip away noise and focus on the facts that matter most—rent trends, occupancy, pipeline health, and submarket variation. Their on-the-ground approach and quarterly cadence keep readers informed of both near-term shifts and broader regional patterns. For operators focused on Class B/C portfolios or regional expansion, MMG’s Memphis coverage offers actionable guidance and trend clarity.

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