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7 Apr, 2026
Analysis | Latest
Memphis Self Storage: Supply Moderation Offers Hope Amidst Economic Headwinds
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Written by James McLean

James McLean is the Head of Business Development at Radius+. James helps maintain external relationships with clients and assisting internally with the sales process. He also, manages internal data processes working alongside the operations team to ensure we are supporting high level data quality.

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This week the Radius+ team dug into the Memphis, TN-MS-AR CBSA

Historical Supply Growth in Memphis, TN-MS-AR:

2022: 4.2%

2023: 3.3%

2024: 5.7%

2025: .03%

Memphis saw substantial supply additions from 2022 to 2024, contributing to rental rate compression. Broader economic challenges, including population decline, high crime, and high poverty, have weighed on demand. However, municipal efforts to capitalize on the region’s central geographic position are underway. Major projects such as Ford’s Blue Oval City and expansions at St. Jude Research Hospital are expected to attract jobs and generate storage demand. Continued rate growth will depend on supply moderation.