Memphis, TN Commercial Real Estate for Lease and Sale

Explore 555 listings of Memphis commercial real estate for lease and for sale to find the best space for your business.

Cordova Station

1010 North Germantown Parkway, Cordova, Memphis, TN
Property

Retail

18,805 SF
Availability

2 Spaces

2,900 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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PRIME SITE FOR FUTURE DEVELOPMENT

0 English Towne Dr., Raleigh, Memphis, TN
Property

Office
For Sale Contact for pricing
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i-bank Tower

5050 Poplar Avenue, Brennan, Memphis, TN
Property

Office
Availability

1 Space

39,259 SF
Year Built

1967
For Lease Contact for pricing
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Lynnfield Office Park

1255, Bal - Moral, Memphis, TN
Property

Office
Availability

1 Space

94,697 SF
Year Built

1977
For Lease Contact for pricing
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Four Points by Sheraton Memphis - Southwind

4090 Stansell Ct, South Riverdale, Memphis, TN
Property

Other

66,989 SF
Year Built

2008
For Sale

Subject To Offer
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28,700± SF Industrial/ Flex Building Sale or Lease

4940 Pleasant Hill Rd, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

28,700 SF
Year Built

1992
For Lease Contact for pricing
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2183-2185 Young Avenue

2183-2185 Young Avenue, Cooper - Young, Memphis, TN
Property

Retail

4,888 SF
For Sale

Subject To Offer
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Fully Furnished 5,852± SF Suite Available in Downtown Memphis

40 S Main St, Downtown Memphis, Memphis, TN
Property

Office
Availability

1 Space

5,852 SF
For Lease Contact for pricing
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3237 Summer Ave

3237 Summer Ave, Chickasaw Oaks, Memphis, TN
Property

Retail

11,718 SF
Year Built

1957
For Sale

Subject To Offer
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3518 Jackson Ave

3518 Jackson Ave, Jackson, Memphis, TN
Property

Retail

1,296 SF
Year Built

1956
For Sale

$300,000
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2293 Union Ave

2293 Union Ave, Lenox, Memphis, TN
Property

Retail

4,389 SF
Year Built

1920
For Sale Contact for pricing
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E.H. Crump Blvd Parcels

159 & 166 East E.H. Crump Blvd, Downtown Memphis, Memphis, TN
Property

VacantLand
For Sale

Subject To Offer
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The Memphis Depot - Building 265

2241 Truitt St, Alcy - Dunn, Memphis, TN
Property

Industrial
Availability

1 Space

4,107 SF
Year Built

1950
For Lease Contact for pricing
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6696 Poplar Avenue

6696 Poplar Avenue, River Oaks, Memphis, TN
Property

Retail

5,763 SF
Availability

1 Space

3,305 SF
For Lease

$25.00/SF/YR
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Stateline North Distribution Center

Tulane Rd & Stateline Rd | Memphis, Whitehaven, Memphis, TN
Property

Industrial
Availability

1 Space

1,101,347 SF
For Lease Contact for pricing
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5261 Mendenhall Park Place

5261 Mendenhall Park Place, Parkway Village, Memphis, TN
Property

Office

2,188 SF
Availability

5 Spaces

8,871 SF
For Lease

$7.00/SF/YR
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Ridgeway Center - 775 Ridge Lake Blvd

775 Ridge Lake Blvd, River Oaks, Memphis, TN
Property

Office

121,058 SF
Availability

5 Spaces

36,882 SF
Year Built

2001
For Lease Contact for pricing
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Primacy I

6077 Primacy Pkwy, Bal - Moral, Memphis, TN
Property

Office

124,000 SF
Availability

3 Spaces

8,331 SF
Year Built

1981
For Lease Contact for pricing
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14,070± SF 38-Door Crossdock

3086 Carrier St, Whitehaven, Memphis, TN
Property

Industrial
Availability

1 Space

14,070 SF
For Lease Contact for pricing
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Southwind Office Center - 8245 Tournament Drive

8245 Tournament Drive, Windyke - Southwind, Memphis, TN
Property

Office

62,179 SF
Availability

3 Spaces

6,152 SF
Year Built

1991
For Lease

$21.00/SF/YR
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648-656 Marshall Avenue

648-656 Marshall Ave, Downtown Memphis, Memphis, TN
Property

Retail

10,116 SF
Availability

2 Spaces

10,350 SF
For Lease Contact for pricing
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Pembroke Square

119 South Main Street, Downtown Memphis, Memphis, TN
Property

Office

174,597 SF
Availability

5 Spaces

22,171 SF
Year Built

1924
For Lease

$18.50/SF/YR
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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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150 Peabody Place

150 Peabody Place, Downtown Memphis, Memphis, TN
Property

Office

322,000 SF
Availability

3 Spaces

82,030 SF
For Lease Contact for pricing
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Goodlett Farms Business Campus - 7130 Goodlett Farms Pkwy

7130 Goodlett Farms Pkwy, Cordova, TN
Property

Office

253,831 SF
Availability

1 Space

106,480 SF
Year Built

1991
For Lease 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 11,902,568 square feet of office space across 163 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 7,266,562 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 1,142,009,324 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 19,079,980 square feet of available listings. Office space available in Memphis adds up to 4,005,483 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 $18.15 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 $7.36 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 River Oaks 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 $26.5 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 98,369 square feet.
Retail properties here incorporate an average of 50,816 square feet.
Industrial space in Memphis is in buildings that are, on average 10,381,903 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 54,801,748 square feet. The market offers 141 active office listing(s), which amount to 4,005,483 square feet and account for 34% of commercial spaces on the market. Local retail availability includes 1,831,169 square feet across 118 retail space(s). Industrial space for rent opportunities in Memphis amount to 19,079,980 square feet across a total of 136 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	141	4,005,483
Retail	118	1,831,169
Industrial	136	19,079,980
Other	15	29,885,117

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 4,587,635 square feet of commercial property for sale here , which includes 22 office building(s) for sale , 34 retail investment opportunity listing(s) , and 36 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	22	496,247
Retail	34	443,728
Industrial	36	3,227,456
Other	40	420,204

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

Cordova Station

Available Sublease 2,000 SF on Poplar Avenue

PRIME SITE FOR FUTURE DEVELOPMENT

i-bank Tower

Lynnfield Office Park

Four Points by Sheraton Memphis - Southwind

28,700± SF Industrial/ Flex Building Sale or Lease

2183-2185 Young Avenue

Fully Furnished 5,852± SF Suite Available in Downtown Memphis

3237 Summer Ave

3518 Jackson Ave

2293 Union Ave

E.H. Crump Blvd Parcels

The Memphis Depot - Building 265

6696 Poplar Avenue

Stateline North Distribution Center

5261 Mendenhall Park Place

Ridgeway Center - 775 Ridge Lake Blvd

Primacy I

14,070± SF 38-Door Crossdock

Southwind Office Center - 8245 Tournament Drive

648-656 Marshall Avenue

Pembroke Square

Southwind Office Center

150 Peabody Place

Goodlett Farms Business Campus - 7130 Goodlett Farms Pkwy

Frequently Asked Questions

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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Memphis, TN Commercial Real Estate for Lease and Sale

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

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us