$0
Average Rent
$1,142 average rent in Memphis, Q3 2026
0%
Occupancy Rate
87% occupancy rate Memphis, Q3 2026
0
T4Q Net Absorption
1,667 T4Q net absorption in Memphis, Q3 2026
0%
Annual Rent Change
1% annual rent change in Memphis, Q3 2026
0
BPS Annual Occupancy Change
20 BPS annual occupancy change in Memphis, Q3 2026
0
T4Q Unit Completions
750 T4Q net absorption in Memphis, Q3 2026
KEY TAKEAWAYS
- Renter demand in Memphis swung sharply positive in 2026, with trailing four-quarter absorption reversing from -278 units a year ago to 1,667 units now, comfortably outpacing new supply even as the market works through still-elevated vacancy.
- The pipeline has contracted 55% from its 2024 peak to just 1.3% of inventory, now lighter than nearly all peer markets in the region, with starts and completions both falling in tandem, pointing to reduced supply pressure through 2027.
- Rent growth turned positive for the first time in two years while occupancy improved for a second straight quarter, trends that are expected to continue given the market’s unusually limited pipeline.
MARKET OUTLOOK
Memphis enters the next few quarters with a notably light supply pipeline and strengthening demand, even though occupancy has further ground to make up. The forecast shows occupancy remaining under pressure…
Memphis Advisors
Contact Our Local Team
Region
Southeast / Southeast Atlantic
Office Location
Tennessee
License Number
360207
Phone
Email
Region
Southeast / Southeast Atlantic
Office Location
Tennessee
License Number
356958
Phone
Email
Region
Midwest / Heartland
Office Location
Missouri
License Number
2021028059
Phone
Email
Region
Southeast / Southeast Atlantic
Office Location
Tennessee
License Number
384947
Phone
Email
Region
Southeast / Southeast Atlantic
Office Location
Tennessee
License Number
386428
Phone
Email
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.