$0
Average Rent
$1,151 average rent in Memphis, Q2 2026
0%
Occupancy Rate
86% occupancy rate Memphis, Q2 2026
0
T4Q Net Absorption
1,175 T4Q net absorption in Memphis, Q2 2026
0%
Annual Rent Change
0% annual rent change in Memphis, Q2 2026
0
BPS Annual Occupancy Change
-65 BPS annual occupancy change in Memphis, Q2 2026
0
T4Q Unit Completions
1,002 T4Q net absorption in Memphis, Q2 2026
Key Takeaways
- Demand comfortably outpaced supply in Q2, with trailing 12-month absorption of 1,175 units exceeding 1,002 delivered, capped by a 673-unit quarterly result, the strongest in two years and the fourth straight quarter of positive absorption.
- The construction pipeline continues to contract, with starts down to 540 units and just 934 units remaining under construction, or 0.9% of base inventory, positioning the market for reduced supply-side pressure through mid-2027.
- Rents are stabilizing at $1,151 per unit, with quarterly momentum accelerating to 1.4% even as the annual figure holds near flat. Occupancy rose 20 basis points to 86.2%, still below year-ago levels but pointing toward a market finding its footing.
Market Outlook
Memphis’s multifamily market is emerging from its supply-wave peak. Just 934 units remain under construction, 0.9% of inventory, and trailing 12-month completions have fallen 58% year-over-year to 1,002 units…
Recent Southeast Atlantic Research
Other investors in your market are reading this.
The data that informs when to sell, when to hold, and when the window is closing.