Memphis, TN Commercial Real Estate for Lease and Sale

Explore 569 listings of Memphis commercial real estate to find the best space for your business.

Truck Parking | Drop Lot | Industrial Outdoor Storage

2731 Airways Blvd, Whitehaven, Memphis, TN
Property

Other
Availability

1 Space

0.7 Acre
For Lease Contact for pricing
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4001 Outland Rd

4001 Outland Rd, Parkway Village, Memphis, TN
Property

Office

121,293 SF
Availability

2 Spaces

117,600 SF
Year Built

1996
For Lease Contact for pricing
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Expandable Industrial Space for Development

2089 & 2147 Frisco Ave, Orange Mound, Memphis, TN
Property

Industrial

72,000 SF
For Sale Contact for pricing
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3,438 SF Available at 1785 Nonconnah Blvd.

2606 Corporate Ave, Whitehaven, Memphis, TN
Property

Office
Availability

1 Space

3,438 SF
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
50,588± SF on 3.69± AC in Memphis

2500 Channel, South - West Memphis, Memphis, TN
Property

Industrial
Availability

1 Space

50,588 SF
Year Built

1968
For Lease Contact for pricing
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East Memphis
Serendipity Labs
6584 Poplar Avenue 2nd Floor, Memphis, TN
Services

Virtual Office

Open Workspace

Meeting Room

Private Office
Amenities

Complimentary coffee & tea

Free water

High-speed wifi

IT support

Parking

Premium coffee

Printer

Privacy booths

Projector

Receptionist/Secretarial services
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1507-1549 Two Place

1507-1549 Two Place, Whitehaven, Memphis, TN
Property

Industrial

57,750 SF
Year Built

1977
For Sale

Subject To Offer
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3750 Winchester

3750 Winchester, Oakville, Memphis, TN
Property

Industrial

28,850 SF
Availability

1 Space

28,850 SF
Year Built

1978
For Lease

$3.50/SF/YR
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5055 Covington Way

5055 Covington Way, Raleigh, Memphis, TN
Property

Industrial

11,050 SF
Availability

1 Space

5,550 SF
For Lease

$12.00/SF/YR
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Trustmark Centre

5350 Poplar Avenue, Brennan, Memphis, TN
Property

Office

164,873 SF
Availability

3 Spaces

18,468 SF
Year Built

1973
For Lease

$20.00/SF/YR
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Renaissance Center

1715 Aaron Brenner Drive, River Oaks, Memphis, TN
Property

Office

189,580 SF
Availability

6 Spaces

12,193 SF
Year Built

2000
For Lease

$29.50/SF/YR
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610 Monroe Ave

610 Monroe Ave, Downtown Memphis, Memphis, TN
Property

Industrial

9,254 SF
Availability

1 Space

7,584 SF
Year Built

1997
For Lease Contact for pricing
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715 W Brookhaven Cir

715 W Brookhaven Cir, Brennan, Memphis, TN
Property

Retail

3,971 SF
Availability

1 Space

3,927 SF
Year Built

1952
For Lease Contact for pricing
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1,250± SF Endcap Available

3650 Southwind Park Cove, Windyke - Southwind, Memphis, TN
Property

Retail
Availability

1 Space

1,250 SF
For Lease Contact for pricing
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Cubework Memphis

4444 Delp Street, Parkway Village, Memphis, TN
Property

Industrial

94,500 SF
Availability

2 Spaces

91,560 SF
Year Built

1974
For Lease Contact for pricing
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1940 E Brooks Rd

1940 E Brooks Rd, Whitehaven, Memphis, TN
Property

Office

51,424 SF
Availability

1 Space

36,309 SF
Year Built

1985
For Lease Contact for pricing
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Willow Lake - Bldg 9

4135-4165 Willow Lake Blvd (Bldg 9), Parkway Village, Memphis, TN
Property

Industrial

50,000 SF
Availability

1 Space

6,063 SF
For Lease

$7.42/SF/YR
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12,085± SF Available in Nonconnah Corporate Center in Memphis

1910 Nonconnah Blvd, Whitehaven, Memphis, TN
Property

Office
Availability

1 Space

2,070 SF
For Lease Contact for pricing
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535 S Highland St

535 S Highland St, Chickasaw Gardens, Memphis, TN
Property

Retail

5,952 SF
Year Built

1924
For Sale

Subject To Offer
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Goodlett Commons

1674 Whitten Rd, Cordova, TN
Property

Retail

12,000 SF
Availability

1 Space

1,440 SF
Year Built

2009
For Lease Contact for pricing
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Kirby Medical Office Building

1727 Kirby Pkwy, River Oaks, Memphis, TN
Property

Office
Availability

1 Space

16,750 SF
Year Built

1984
For Lease Contact for pricing
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Cordova Medical Plaza

8066 Walnut Run Road, Cordova, Memphis, TN
Property

Office

26,336 SF
Availability

3 Spaces

12,650 SF
For Lease Contact for pricing
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Expandable Industrial Space for Development

2089 & 2147 Frisco Ave, Orange Mound, Memphis, TN
Property

Industrial
Availability

1 Space

72,000 SF
For Lease Contact for pricing
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21,464 SF Industrial Building For Sale

5888 Distribution Drive | Memphis, Parkway Village, Memphis, TN
Property

Industrial

21,464 SF
For Sale

$1,395,000
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Forum I

6750 Poplar Avenue, River Oaks, Germantown, TN
Property

Office

162,529 SF
Availability

10 Spaces

21,811 SF
Year Built

1983
For Lease

$26.50/SF/YR
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Triad Centre I
Regus
6000 Poplar Avenue #250, Memphis, TN
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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Ridgeway Business Center
Ridgeway Business Center
5865 Ridgeway Center Parkway, Memphis, TN
Services

Virtual Office

Private Office
Amenities

Comfortable chairs

Complimentary coffee & tea

High-speed wifi

Mail services

Receptionist/Secretarial services

TV/Monitor

White boards
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Memphis Airport Logistics II

2540 Ketchum Road | Memphis, Bethel Grove, Memphis, TN
Property

Industrial
Availability

1 Space

903,960 SF
For Lease Contact for pricing
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4056 Homewood Rd

4056 Homewood Rd, Parkway Village, Memphis, TN
Property

Industrial

49,537 SF
Availability

1 Space

16,328 SF
Year Built

1988
For Lease Contact for pricing
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21,150± SF Available -Divisible to 4,230± SF in Nonconnah Corporate Center

2792 Barris Dr, Whitehaven, Memphis, TN
Property

Industrial
Availability

1 Space

21,150 SF
For Lease Contact for pricing
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Southwind Office Center
Regus
8295 Tournament Drive #150, Memphis, TN
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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3717 Summer Ave

3717 Summer Ave, High Point Terrace, Memphis, TN
Property

Retail

2,714 SF
Year Built

1979
For Sale

Subject To Offer
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Countryside Center

7221 Stage Rd, Cordova, Memphis, TN
Property

Retail

32,502 SF
Availability

3 Spaces

7,568 SF
Year Built

1995
For Lease Contact for pricing
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1,980± SF Medical/Office on Poplar Ave. for Sublease

2900 Kirby Pkwy ste 11, Bal - Moral, Memphis, TN
Property

Other
Availability

1 Space

2,130 SF
For Lease Contact for pricing
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33,835± SF Divisible to 16,137± SF Flex/Industrial Availability

2655 Dividend Dr, Whitehaven, Memphis, TN
Property

Industrial
Availability

1 Space

33,835 SF
For Lease Contact for pricing
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Raleigh Springs Marketplace

3421-3489 Austin Peay Hwy, Raleigh, Memphis, TN
Property

Retail

113,978 SF
Availability

7 Spaces

13,593 SF
For Lease Contact for pricing
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4775 American Way

4775 American Way, Parkway Village, Memphis, TN
Property

Office

58,887 SF
Availability

1 Space

34,973 SF
For Lease

$8.00/SF/YR
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2870 Poplar Avenue

2870 Poplar Avenue, Howzye, Memphis, TN
Property

Retail

6,300 SF
For Sale

$1,300,000
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Estate Office Park | Building 2

5336-5356 Estate Office Park Drive, Eastgate, Memphis, TN
Property

Office
Availability

1 Space

1,441 SF
Year Built

1982
For Lease Contact for pricing
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Grove Park Center

4515 Poplar Avenue, Audubon, Memphis, TN
Property

Office

59,711 SF
Availability

1 Space

5,023 SF
Year Built

1962
For Lease Contact for pricing
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64 S Main

64 S Main, Downtown Memphis, Memphis, TN
Property

Retail

14,000 SF
Availability

1 Space

14,000 SF
For Lease Contact for pricing
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Available Sublease 2,000 SF on Poplar Avenue

6515 Poplar Ave, Bal - Moral, Memphis, TN
Property

Office
Availability

1 Space

2,000 SF
For Lease Contact for pricing
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634 S Bellevue

634 S Bellevue, Med District, Memphis, TN
Property

Office

1,200 SF
Availability

1 Space

1,450 SF
For Lease

$9.92/SF/YR
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Appling Road & Appling Meadow Road

Macon Road & Appling Road, Cordova, TN
Property

Other
For Sale Contact for pricing
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Century Center Business Park Building B

1600 Century Center Pkwy, Shelby Farms Park, Memphis, TN
Property

Industrial

94,038 SF
Availability

1 Space

9,497 SF
Year Built

1996
For Lease Contact for pricing
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40,335± SF Industrial Building on 2.15± AC

3927 Winchester Road | Memphis, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

40,335 SF
For Lease Contact for pricing
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3,142± SF Office Availability - Convenient to Poplar Ave.

670 Oakleaf Office Ln, Colonial, Memphis, TN
Property

Office
Availability

1 Space

3,142 SF
Year Built

1987
For Lease Contact for pricing
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3,329 - 11,952 SF Available in Nonconnah Corporate Center in Memphis

1769 Paragon Pl, Whitehaven, Memphis, TN
Property

Industrial
Availability

1 Space

311,952 SF
For Lease Contact for pricing
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Belz Industrial Park #4

237 E Belz Blvd, Southgate, Memphis, TN
Property

Industrial

132,000 SF
Availability

2 Spaces

162,000 SF
For Lease Contact for pricing
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Tower at Peabody Place

100 Peabody Place, Downtown Memphis, Memphis, TN
Property

Office

161,216 SF
Availability

2 Spaces

23,295 SF
Year Built

1997
For Lease

$20.00 - $21.00/SF/YR
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6343 Summer Ave

6343 Summer Ave, Meadow Brook, Memphis, TN
Property

Retail

1,500 SF
Availability

1 Space

1,900 SF
For Lease

$15.16/SF/YR
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Last Lot in Prime Flex Development

6629 Reese Rd, Meadow Brook, Memphis, TN
Property

Industrial
For Sale Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Memphis commercial real estate market incorporates 12,310,865 square feet of office space across 166 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Memphis commercial real estate market includes 4,933,124 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Memphis market, there is a total of 1,140,714,613 square feet of industrial property.

The listing inventory in Memphis incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Memphis is represented by Industrial space, which accounts for 19,902,314 square feet of available listings. Office space available in Memphis adds up to 4,560,006 square feet.

Meanwhile, most of the listings of commercial property for sale in Memphis are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Memphis is $17.23 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Memphis can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $18.66 per square foot, industrial space in Memphis saw average rents of $5.49 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Memphis, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Memphis is in the Whitehaven neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Whitehaven area.

Meanwhile, retail space opportunities are most abundant in the Cordova submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Parkway Village.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $25 per square foot. In particular, the property type commanding the highest lease rates in Memphis was Office space.

Conversely, the highest sale price last year was $5,750,000 that is located at 5400 Poplar Avenue.

The average size of a commercial property in Memphis depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Memphis, the average size of an office property is 100,089 square feet.
Retail properties here incorporate an average of 44,443 square feet.
Industrial space in Memphis is in buildings that are, on average 9,199,312 square feet in size.

Memphis, TN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Memphis currently add up to 72,906,974 square feet. The market offers 143 active office listing(s), which amount to 4,582,412 square feet and account for 34% of commercial spaces on the market. Local retail availability includes 971,525 square feet across 93 retail space(s). Industrial space for rent opportunities in Memphis amount to 19,898,168 square feet across a total of 150 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	143	4,582,412
Retail	93	971,525
Industrial	150	19,898,168
Other	26	47,454,869

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Memphis, TN. Currently, there is 3,108,594 square feet of commercial property for sale here , which includes 26 office building(s) for sale , 25 retail investment opportunity listing(s) , and 34 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	26	615,561
Retail	25	207,910
Industrial	34	1,920,678
Other	62	364,444

Memphis, TN Commercial Real Estate Market Overview

Memphis, Tenn. is the state’s second-largest city and a major transportation hub on the Mississippi River. Commercial real estate in Memphis is mostly driven by the metro’s status as a transportation hub, as the area is well-connected for logistics through the Memphis International Airport (the second-busiest cargo airport in the world), I-40, I-55 and the major inland port. FedEx is the largest employer here, with the city serving as the company’s global hub.

Corporate offices are primarily concentrated in downtown Memphis, offering great views of the Mississippi River for a relatively affordable cost. Its central business area contains multiple high-tier properties, such as the Toyota Center and One Memphis Place. Other important commercial real estate markets in Memphis are Midtown Memphis — with neighborhoods like Central Gardens and Cooper-Young that are chock full of classic architecture — and the Medical District with its high density of medical office space and laboratories.

Memphis, TN Commercial Real Estate for Lease and Sale

What type of listing property are you looking for?

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Memphis, TN?

What factors affect the price of commercial real estate in Memphis, TN?

What is the average rent for commercial space in Memphis, TN?

What are the best areas for commercial real estate in Memphis, TN?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Memphis, TN?

Memphis, TN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Memphis, TN Commercial Real Estate Market Overview

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