Investing in commercial property in the Memphis Tennessee area can be a good strategy for several reasons. Here are some of them:
• Memphis is a major transportation and logistics hub, with the world’s second busiest cargo airport, the fourth largest inland port, and several major highways and railroads. This makes Memphis an attractive location for businesses that need efficient and convenient access to national and international market.
• Memphis is also a growing and diverse economy, with sectors such as health care, education, tourism, manufacturing, and entertainment. Memphis is home to several Fortune 500 companies, such as FedEx, AutoZone, and International Paper, as well as renowned institutions, such as St. Jude Children’s Research Hospital, the University of Memphis, and Graceland. Memphis also has a vibrant cultural and musical heritage, as the birthplace of blues, rock and roll, and soul music.
• Memphis has a supportive and friendly environment for commercial real estate investors, with several incentives and programs, such as tax abatements, grants, loans, and credits. The Memphis Economic Development Growth Engine (EDGE) is a public-private partnership that aims to create jobs, increase investment, and improve the quality of life in Memphis. EDGE offers various tools and resources, such as the Payment In Lieu of Tax (PILOT) program, the Economic Development Fund, and the Foreign Trade Zone, to help businesses and investors succeed in Memphis
These are just some of the reasons why investing in commercial property in the Memphis Tennessee area can be a good strategy. If you are interested in exploring the opportunities and options in Memphis,
