Market Research > Memphis Market Research

Economic Growth, Job Additions to 
Boost Rental Demand in Memphis

Memphis has experienced a slow economic recovery since the recession, but the rental market is projected to see significant improvement with job growth. In particular, payroll additions are expected in the trade, transportation and utilities sector, which currently hosts the largest share of the local workforce. For example, FedEx Corp., the metro’s largest private employer, will increase payrolls by 500 positions in the coming holiday season. These typically low-paying jobs often preclude homeownership and encourage renting. On the other hand, local government initiatives such as the Economic Development Growth Engine (EDGE) program will support an increasing number of high-income STEM jobs. The St. Jude Children’s Research Hospital and the American Lebanese Syrian Associated Charities (ALSAC), for example, will add 2,000 positions over the next six years. A combination of blue-collar and white-collar job growth […]


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