Family Office Briefing on research byMarcus & Millichap·May 22, 2026

Memphis Industrial Market Report - 2Q 2026

Marcus & Millichap's 2Q 2026 Memphis industrial report examines how supply-chain realignment and manufacturing reshoring are driving leasing momentum and vacancy compression, particularly in large-bay logistics and advanced manufacturing.

IndustrialMemphisTennessee2026

Key Metrics

Metric	Value	Change / Context
Large-Bay Leasing Volume	20million SF	+60% YoY (year ended March 2026)
Manufacturing Vacancy Compression	200bps	past year

Metrics extracted from the source report and independently fact-checked. Method →

How a family office could deploy

Co-GP / Platform Capital · share the promote

Partner at the GP level with a Memphis-focused industrial operator to co-develop or acquire a portfolio of large-bay logistics facilities near MEM or small-bay flex serving the advanced-manufacturing supply chain, sharing the promote and building repeatable deal flow as reshoring accelerates.

Direct / Separate-Account Ownership

Acquire a stabilized large-bay warehouse in the southeast or southwest submarkets via separate account to capture re-leasing spreads and occupancy gains as vacancy compresses around the airport and manufacturing anchors.

LP Allocation

Commit as a passive LP into a Sunbelt industrial fund with Memphis exposure to gain diversified access to the manufacturing resurgence without direct asset management.

How family offices deploy capital into real estate →

Full report

Marcus & Millichap

Read the full report at Marcus & Millichap →

Building a thesis around Memphis? Share it confidentially with the Thesis Exchange — we pair you anonymously with family offices running adjacent industrial strategies.

Peer Network · By Invitation

The Thesis Exchange

Share an investment thesis in confidence. We pair you anonymously with up to two other family offices running adjacent strategies. Reviewed by Gallium's editorial team. No vendor pitch.