While Memphis might not be the biggest fish out there for real estate investing according to most, it doesn’t mean our great city doesn’t hold its own. Exciting economic opportunities are opening up in Memphis thanks to blossoming commercial and retail sectors. This week, Dean Jernigan of Jernigan Capital announced plans to move the publicly traded companies corporate headquarters from Miami, FL. along with offices in Cleveland, OH. to the Poplar corridor in East Memphis. This makes the 13th publicly traded company to headquarter in Memphis.
This is great news for the business crowd in Memphis and made many stand up and cheer since Mr. Jernigan is no stranger to building huge companies in Memphis. Along with some impressive gains in the housing market announced this week it is hard to be more excited. While all markets have their ups-and-downs (Memphis real estate included), it’s hard not to get excited when you hear about what the local economy is cooking up.
We know, of course, that Memphis was named of the best places for millennials to be — and our great city is well on her way to proving it. From the opening of the Bass Pro Shops megastore in the iconic Memphis Pyramid to IKEA’s plan to plant a flag, the healthy and growing retail and commercial markets are playing a big part in the overall health of the economy: and in the performance of the real estate market.







