Memphis, TN Commercial Real Estate for Lease and Sale

Explore 573 listings of Memphis commercial real estate for lease and for sale to find the best space for your business.

Lipscomb & Pitts Building

2670 Union Avenue Ext., Howzye, Memphis, TN
Property

Office

119,525 SF
Availability

8 Spaces

14,037 SF
Year Built

1975
For Lease Contact for pricing
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5145 Raleigh LaGrange Road

5145 Raleigh LaGrange Road, Raleigh, Memphis, TN
Property

Retail

20,180 SF
Availability

1 Space

5,045 SF
For Lease

$7.73/SF/YR
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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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The Commons at Dexter Lake

N Germantown Pkwy at Dexter Rd, Cordova, TN
Property

Retail

228,796 SF
Availability

1 Space

5,000 SF
For Lease Contact for pricing
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705 South Main Street

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

VacantLand
For Sale

Subject To Offer
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Forum II Office East Memphis

1790 Kirby Pkwy, River Oaks, Memphis, TN
Property

Office
Availability

1 Space

5,556 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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South Pointe Business Park

3615 S Goodlett St, Parkway Village, Memphis, TN
Property

Industrial

20,050 SF
Availability

1 Space

2,200 SF
Year Built

1989
For Lease

$8.18/SF/YR
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Thousand Oaks Business Center - 2600 Thousand Oaks Blvd

2600 Thousand Oaks Blvd, Colonial, Memphis, TN
Property

Office

117,133 SF
Availability

7 Spaces

83,209 SF
Year Built

1988
For Lease

$16.50/SF/YR
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Indigo Plaza

50 South B.B. King Blvd, Downtown Memphis, Memphis, TN
Property

Office

174,700 SF
Availability

4 Spaces

30,933 SF
Year Built

2000
For Lease

$19.50/SF/YR
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Cross Creek

3499-3619 Riverdale Rd, Hickory Hill, Memphis, TN
Property

Retail

360,180 SF
Availability

6 Spaces

41,472 SF
For Lease Contact for pricing
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1771 North Germantown Parkway

1771 North Germantown Parkway, Cordova, Memphis, TN
Property

Retail

88,000 SF
Availability

1 Space

1,493 SF
For Lease Contact for pricing
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1037 Cresthaven Rd

1037 Cresthaven Rd, Eastgate, Memphis, TN
Property

Office

5,970 SF
For Sale

$1,150,000
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Willow Lake Industrial Park - Building 1

5250-5300 E Raines Rd, Parkway Village, Memphis, TN
Property

Industrial

78,300 SF
Availability

1 Space

26,025 SF
For Lease Contact for pricing
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5180 Park Avenue

5180 Park Avenue, Eastgate, Memphis, TN
Property

Office

37,588 SF
Availability

1 Space

6,382 SF
Year Built

1987
For Lease Contact for pricing
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351 Wisconsin Ave

351 Wisconsin Ave, Southside Memphis, Memphis, TN
Property

Industrial

7,458 SF
Year Built

1956
For Sale

$995,000
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One Memphis Place

200 Jefferson Avenue, Downtown Memphis, Memphis, TN
Property

Office

204,704 SF
Availability

8 Spaces

21,008 SF
Year Built

1984
For Lease

$21.68 - $22.00/SF/YR
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Up to 7,779 SF Available at 1785 Nonconnah Blvd. - Suite 107

1785 Nonconnah Blvd., Whitehaven, Memphis, TN
Property

Office
Availability

1 Space

7,776 SF
For Lease Contact for pricing
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Businessmen's Club

81 Monroe Ave, Downtown Memphis, Memphis, TN
Property

Office

19,510 SF
Availability

2 Spaces

6,216 SF
For Lease Contact for pricing
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Shelby Air Park | Building 3

4650 Shelby Air Dr, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

107,563 SF
Year Built

1989
For Lease Contact for pricing
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Gleneagles Court

4730 & 4770-4780 Riverdale Rd, Hickory Hill, Memphis, TN
Property

Retail

19,757 SF
Availability

9 Spaces

23,238 SF
For Lease Contact for pricing
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2804 Frayser Blvd

2804 Frayser Blvd, Frayser, Memphis, TN
Property

Unassigned

4,811 SF
Availability Contact for availability
Year Built

1974
For Lease Contact for pricing
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Germantown Park - Oak Ridge and Grove

8000 Centerview Pkwy, Cordova, TN
Property

Office

164,128 SF
Availability

1 Space

35,988 SF
Year Built

1988
For Lease Contact for pricing
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Atrium I

6800 Poplar Avenue, River Oaks, Memphis, TN
Property

Office
Availability

1 Space

8,664 SF
Year Built

1984
For Lease Contact for pricing
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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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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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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 12,321,339 square feet of office space across 171 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 7,385,952 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 25,457,988 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 18,990,332 square feet of available listings. Office space available in Memphis adds up to 4,321,459 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 $19.05 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 $19.68 per square foot, industrial space in Memphis saw average rents of $6.8 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 $27.5 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 94,057 square feet.
Retail properties here incorporate an average of 50,938 square feet.
Industrial space in Memphis is in buildings that are, on average 225,292 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 59,598,193 square feet. The market offers 150 active office listing(s), which amount to 4,321,459 square feet and account for 35% of commercial spaces on the market. Local retail availability includes 1,877,145 square feet across 118 retail space(s). Industrial space for rent opportunities in Memphis amount to 18,990,332 square feet across a total of 143 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	150	4,321,459
Retail	118	1,877,145
Industrial	143	18,990,332
Other	17	34,409,258

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 6,025,705 square feet of commercial property for sale here , which includes 23 office building(s) for sale , 38 retail investment opportunity listing(s) , and 38 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	23	269,294
Retail	38	372,905
Industrial	38	4,814,049
Other	72	569,457

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

Lipscomb & Pitts Building

5145 Raleigh LaGrange Road

3,142± SF Office Availability - Convenient to Poplar Ave.

The Commons at Dexter Lake

705 South Main Street

Forum II Office East Memphis

535 S Highland St

South Pointe Business Park

Thousand Oaks Business Center - 2600 Thousand Oaks Blvd

Indigo Plaza

Cross Creek

1771 North Germantown Parkway

1037 Cresthaven Rd

Willow Lake Industrial Park - Building 1

5180 Park Avenue

351 Wisconsin Ave

One Memphis Place

Up to 7,779 SF Available at 1785 Nonconnah Blvd. - Suite 107

Businessmen's Club

Shelby Air Park | Building 3

Gleneagles Court

2804 Frayser Blvd

Germantown Park - Oak Ridge and Grove

Atrium I

Triad Centre I

6696 Poplar Avenue

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