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Memphis Market Real Estate The #1 city for most affordable homes! (CNN MONEY.com) The 2nd metropolitan city in regards to having the lowest risk to investing in real - estate (CNN Money.com). The 3rd most undervalued metropolitan market in the U.S. (CNN Money.com) 6th best market for investing in real estate (CNN Money.com) Bartlett, a suburb, is ranked amongst top 100 cities in U.S. (CNN Money.com) A revitalization to many parts of Memphis, i.e. downtown, mid-town, cooper , Whitehaven, high pointe terrace. One of the lowest cost of living of all major cities (FORTUNE) . Surrounding cities support continued manufacturing development with Memphis as the distribution hub Recent subprime crunch has resulted in a hungry renter pool. Business Market More and more businesses are doing business in Memphis. The city appeared in the top ten of the 50 best major metro areas in the U.S. for starting and growing a business, according to Inc. magazine, in 2005.
Expansion Management Magazine ranked Memphis 16th in their "America's 50 Hottest Cities" in January 2005. Ebony Magazine just cited Memphis as a city as one of the "10 Best Cities for Black Women" based on lifestyle, safety, culture, and outlook.
Finally, Memphis is ranked 10th in the Mortgage Bankers Association of America Top Ten Hottest U.S. Markets for Mortgage Lenders list, which ranks markets by loan-business generators such as household, family, formations, population growth, and employment levels.
The city’s prime location is central to business success. Adjacent to the Mississippi River and crossed by seven federal and two interstate highways, Memphis’ natural advantages are further enhanced by access to the world’s busiest cargo airport. More major metro areas can be reached overnight from Memphis than any other city in the central U.S. European markets are within easy reach as well, with daily nonstop flights to Amsterdam via Northwest/KLM Royal Dutch Airlines.
Existing businesses are discovering the advantages of doing business in Memphis, too. Capital investment in the metro area from 170 major projects continues with the investment of almost one billion dollars, 4,800 new jobs, and the utilization of over 7.2 million square feet of space.
This success has reached international proportions. Memphis is home to a growing number of nationally and internationally known corporations. Approximately 150 firms from 22 countries now have operations in the Mid-South. |