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Well known BBQ giant Tops Bar-B-Q Inc is setting up a new location in East Memphis, marking the 15th retail store for the brand. The new store will be located at 5144 Poplar Avenue, and the space has signed a 20 year lease on a yet-to-be-built 2,772 square foot restaurant space. The general manager for the company says he feels the new location will be the brand’s strongest, and current traffic has an estimated 33,000 automobiles passing by the pending location daily. Strong traffic patterns can certainly have a strong role in making the east Memphis location strong.

The Cordova local movers have learned that the company was attracted to the area because of the large population of nearby offices, residential properties, and other big bin retailers like Home Depot and Kroger.

The actual site was a struggle to plan with, but the final blueprints for the store show that there will be room for a drive thru and a parking lot with 16 spaces. The contractor who built the last three Tops locations will be in charge of this project’s construction as well.

The commercial real estate market in Memphis isn’t that easy to read, according to the market data gathered that shows a mixed picture in our metro. For example, office space has a dramatic and significant negative absorption of 173,425 square feet (thanks in part to the moving of Pinnacle Airlines out of their downtown office), but on the flip side, retail real estate showed a growing positive absorption. In fact, the current retail vacancy rate for the area is the lowest level it has been since the fourth quarter of 2009.

The Memphis commercial movers have examined a little further to check into the industrial market. With Technicolor moving out, there was a loss in absorption to the tune of 580,131 from that company alone. However, there are bulk distribution users who are soliciting proposals throughout the market, leading industry professionals to believe that 2013 will end on a strong note.

On a whole, the Memphis metro is seeing activity comparable to the sales and rental rates of 2007. The mid-South is predicted to get stronger in terms of real estate prices and development, and the strengthening of Memphis commercial real estate would be undeniably beneficial for the city.

Real estate investments are a substantial part of any healthy real estate market. Recently, the Wall Street Journal recognized Memphis as the number one city in the United States for investing in single family residential properties. Number one! The rankings were based on the cap rate, which in Memphis is 10.38%, followed by the number 2 city of Saginaw, Michigan, with a cap rate of 10.32%.

The Germantown local movers have found that the cap rate is correlated to the net profit compared to the current value of the asset. Memphis is an ideal location for investment property purchases thanks to the profit that can be made by interested real estate investors in the area. Keep in mind- a real estate investor does not need a huge portfolio–you can buy one house at a time and flip it to make a profit before purchasing further properties.

Foreclosures are dropping in the area, and institutional investors are moving into the area more frequently. As the inventory of available homes in the area decreases, the market will only get tighter and increase the eventual worth of properties for investors to resell or rent out to local tenants.

Interested in buying an investment property in the Memphis area? Don’t hesitate! Take advantage of these prices and get your personal finances poised to grow with a real estate investment.

Foreclosures have plagued the real estate industry in the US for the past few years, and even as markets continue to strengthen, foreclosures are not yet a thing of the past. In Memphis (and surrounding areas), there is a positive trend in the region for dwindling foreclosures. Residential and commercial foreclosures are declining in Shelby County according to data compiled by Chandler Reports, which states that there were 967 residential foreclosures for Q2 of 2013, which is a decrease from the same time period of last year, which saw 1,082 residential foreclosures. The calculated drop is at 10.6 percent.

But, the Memphis local movers have learned that the trend is not just for residential properties. Commercial real estate foreclosures were down from the same period, and foreclosure notices fell 14.4 percent. Banks and other lenders in the area are trying to keep homeowners from falling into foreclosure and the local economy has had a positive effect on the foreclosure industry and continue to keep foreclosures at a decreasing pace.

Year to date, foreclosures are down 14.6 percent from the same time frame in 2012. Could the Memphis real estate market really bounce back and can foreclosures become a thing of the past? Only time will truly tell. As news breaks on the foreclosure market here in Shelby County, you can bet we’ll be sharing it with you.

Main Street is getting some new dining options in the near future, according to a report by the local Business Journal. A new burger is proposed to open in the space currently occupied by Dream Berry Frozen Yogurts & Treats. The restaurant does not have a name as of yet, and it will join the owner of two local Gastropubs as a third dining option in Memphis. The local Memphis movers have found that the location will seat 60-70 patrons.

It will focus on burgers and hot dogs with fresh ingredients and in house sausage. The current building will be renovated to appeal to a Texas Hill Country theme. Fresh ingredients will also be used for the cocktails. The proposed opening date will be next year, which will give the development company time to figure out the name, design, and exact menu.

Shelby County has experienced a rebound in local housing, according to a report complied by Chandler Reports, which shared that total home sales in the area were up 11 percent for the second quarter of 2013. The number of total homes sold throughout the county came to 4,226 homes, with total sales volume rising 21 percent. The Memphis local movers have found that the average sales price in Shelby County was 9 percent higher than the price in the second quarter of 2012.

For the entire 38017 zip code, the highest number of sales where in Collierville. The rebound is expected to continue in the area, something that is positive reinforcement for local professionals like contractors, realtors, and us, your friendly local movers.

The Memphis industrial real estate market is posting positive numbers, according to a recent report by the Memphis Daily News. The industrial market in the area has recorded net absorption of 951,683 square feet during the first three months of 2013, making it the 4th consecutive quarter or positive absorption for the metro area. The report pulled data from the CBRE which charts the industrial market statistics.

The Memphis industrial movers have found that the vacancy rate for industrial space in the area is dwindling, and the industrial vacancy rate has actually dipped below 11.5 percent early this year. The demand for industrial space is strong, but the debate now is whether there needs to be added supply or if it is best to wait.

Home sales in Tennessee’s Shelby County jumped 15 percent from May 2012 to May 2013, according to reports from a real estate reporting and information company, Chandler Reports. The Memphis housing market has become a pretty good and stable place, with total sales volume up to $197 million in May 2013, up from $171 milli0n in May 2012.

The Memphis local movers have found that the average sales price was up 9 percent from May 2012 prices, and the highest sales for the area were in the Cordova North area of the county, followed by Cordova South and then Collierville. Collierville, however, ranked as the top area for total sales. Existing home sales increased five percent, while the overall trend shows that prices are rising consistently in month over month comparison.

The market for investment real estate is alive and well in Memphis, where flipping houses is a profitable and manageable form of income. Year by year, Memphis has experienced a 14.5% decline in total listings, so the cost to invest in Memphis is steadily increasing, and the Memphis commercial movers have found that it is also an ideal time to move quickly and purchase properties to ensure the best deals.

New construction in Memphis saw a 34% increase, so new homes will be hitting the market and its a great time to buy the older ones and renovate them to modern design aesthetic.

Interest rates are beginning to creep up again, out of the historic lows that we have seen for months and months on end. If you are debating a purchase in Memphis either for investment or for your family home, now is the time to snatch up existing properties!

Home sales in the Memphis metro area have risen in May by 6.3 percent from April 2013, and at a rate of 1.6 percent from May 2012. The Memphis Area Association of Realtors has shared data which indicates that the total sales for early 2013 are higher than 2012, leading the average sales price to also gain momentum. Reports say that the average sales price rose 10.6 percent between April 2012 and April 2013, with the new average sales price coming in at just under $140,000.

The Memphis local movers have found that inventory is flat with about 6,400 properties for sale, and sales volume increased 18.9 percent to $825.6 million. The local industry insiders have shared that the Memphis market is in a good place and should continue to strengthen and grow. Summer should prove to be even more fruitful for the area.