Memphis office vacancy rates stable even as pandemic causes more work from home
Across the region, few businesses have let go of their leased office space. Even though plenty of Greater Memphis’ 300,000 office workers labor from the safety of their homes during the pandemic, their employers haven’t cut ties to the office landlord. Why does some company's decision to hold on to its offices benefit homeowners? If a lot of businesses moved out of leased office space, building values in Memphis’ seven main office districts eventually could fall and probably shift a larger property tax burden onto homeowners. That shift might still happen, but so far it hasn’t. Ma...
Source: commercialappeal.com
