While the neighborhood information is highly relevant to your investment, knowledge about the city of Memphis is essential to understanding the long-term potential of your investment.
The Memphis metropolitan area contains 8 counties and with 1.3 million inhabitants it is the state’s second most populous city. Due to its location toward the middle of the country and the fact that it straddles the Mississippi River, Memphis is one of the nation’s largest distribution hubs. Memphis lies within 500 miles of over a fourth of the urban working population in the United States, making it a critical component of the distribution system one which inland cities in the country rely.
Memphis prides itself on the quality of its infra-structure and plentiful warehouse facilities. For this reason over 15 cargo airlines run their operations through Memphis International Air-port. In fact the international headquarters of FedEx is located in Memphis to utilize it’s strategic location.
Given the logistical advantage Memphis provides to companies, it is only natural that a robust professional and business services industry should be present to facilitate the needs of the many regional offices of Fortune 500 companies.
The city appeared in the top 10 of the 50 best metro areas for starting or growing a business by Inc. Magazine. The mixture of sound governance, strong infrastructure and strategic location makes Memphis poised for a robust recovering in the coming years.
