Marcus & Millichap

Memphis Self-Storage Research Market Report

Second Half 2018

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Economic Trends

Memphis employers in the professional and business services sector created nearly 7,000 positions during the first half of 2018. Robust hiring within this industry has the metro on pace to add 12,000 workers this year, exceeding the number of jobs created during the previous two years combined. This hiring velocity also holds the local unemployment rate in the low-4 percent range during the remainder of this year.

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