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1,742 Commercial Real Estate Listings in Memphis, TN

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  • Summer Commons - Memphis

    Summer Commons

    5110 - 5130 Summer Avenue, Berclair, Memphis, TN
    For Lease
    • $14/SF/YR
    Property
    • Retail
    • 95,159 SF
    Availability
    • 1 Space
    • 2,761 SF
    Year Built
    • 1973
    View Details
  • Perimeter Point Business Center - Memphis

    Perimeter Point Business Center

    5125 & 5175 Elmore Road, 5115 Covington Way, 2170 & 2175 Business Center Drive, 2165 Spice Cove, Raleigh, Memphis, TN
    For Lease
    • $7 - $20/SF/YR
    Property
    • Industrial
    • 131,000 SF
    Availability
    • 6 Spaces
    • 20,765 SF
    Year Built
    • 1987
    View Details
  • 5520 Summer Ave - Memphis

    5520 Summer Ave

    5520 Summer ave , Meadow Brook, Memphis, TN
    For Lease
    • $13.86 - $1,400/SF/YR
    Property
    • Office
    • 6,060 SF
    Availability
    • 3 Spaces
    • 3,636 SF
    Year Built
    • 2006
    View Details
  • ZZ Market Former Guys Tuxedos) - Memphis

    ZZ Market Former Guys Tuxedos)

    3574-3580 Park Ave, Normal Station, Memphis, TN
    For Lease
    • $10/SF/YR
    Property
    • Retail
    • 20,642 SF
    Availability
    • 1 Space
    • 20,642 SF
    Year Built
    • 1994
    View Details
  • Clark Tower - Memphis

    Clark Tower

    Regus
    5100 Poplar Avenue SUITE 2700, Memphis, TN
    Coworking
    Services
    • Virtual Office
    • Open Workspace
    • Event Space
    • Meeting Room
    • Private Office
    Amenities
    View More
    View Details
  • Willow Lake - Bldg 8 - Memphis

    Willow Lake - Bldg 8

    4095-4101 Willow Lake Blvd, Parkway Village, Memphis, TN
    For Lease
    • $2.85/SF/YR
    Property
    • Industrial
    • 75,643 SF
    Availability
    • 1 Space
    • 75,643 SF
    Year Built
    • 1989
    View Details
  • Orange Mound Tower Redevelopment - Memphis

    Orange Mound Tower Redevelopment

    2205 Lamar Avenue, Orange Mound, Memphis, TN
    For Lease
    • $15 - $20/SF/YR
    Property
    • Retail
    • 100,000 SF
    Availability
    • 1 Space
    • 100,000 SF
    Year Built
    • 1947
    View Details
  • 855 Ridge Lake - Memphis

    855 Ridge Lake

    855 Ridge Lake, River Oaks, Memphis, TN
    For Lease
    • $18.5/SF/YR
    Property
    • Office
    • 80,999 SF
    Availability
    • 4 Spaces
    • 28,665 SF
    Year Built
    • 1973
    View Details
  • McAlister's Deli - Memphis

    McAlister's Deli

    3855 Hacks Cross Road, South Riverdale, Memphis, TN
    For Sale
    • $1,750,000
    Property
    • Retail
    • 3,965 SF
    Year Built
    • 2005
    View Details
  • Memphis Downtown Redevelopment Property - Memphis

    Memphis Downtown Redevelopment Property

    870 Cotton Gin, Southside Memphis, Memphis, TN
    For Sale
    • $800,000
    Property
    • Land
    • 3,490 SF
    Year Built
    • 1968
    View Details
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  • 1916 Vanderhorn Dr - Memphis

    1916 Vanderhorn Dr

    1916 Vanderhorn Dr, Raleigh, Memphis, TN
    For Sale
    • $585,000
    Property
    • Industrial
    • 14,000 SF
    Year Built
    • 1981
    View Details
  • 8089 Walnut Run - Cordova

    8089 Walnut Run

    8089 Walnut Run, Cordova, TN
    For Sale
    • $639,000
    Property
    • Office
    • 6,080 SF
    View Details
  • Airport Industrial Park - Memphis

    Airport Industrial Park

    4292 E Raines Rd, Parkway Village, Memphis, TN
    For Lease
    • $2.65/SF/YR
    Property
    • Industrial
    • 47,500 SF
    Availability
    • 1 Space
    • 47,500 SF
    Year Built
    • 1979
    View Details
  • 5553 HICKORY HILL - Memphis

    5553 HICKORY HILL

    5553 HICKORY HILL RD, 5577 Mineral Wells, Parkway Village, Memphis, TN
    For Lease
    • $11,000/MO
    Property
    • Land
    Availability
    • 1 Space
    • 11.75 Acre
    View Details
  • 4063 Viscount Avenue - Memphis

    4063 Viscount Avenue

    4063 Viscount Avenue, Parkway Village, Memphis, TN
    For Lease
    • $2.85/SF/YR
    Property
    • Industrial
    • 361,000 SF
    Availability
    • 1 Space
    • 99,205 SF
    Year Built
    • 1979
    View Details
  • Southwind Office Center - Memphis

    Southwind Office Center

    Regus
    8295 Tournament Drive Suite 150, Memphis, TN
    Coworking
    Services
    • Virtual Office
    • Open Workspace
    • Event Space
    • Meeting Room
    • Private Office
    Amenities
    View More
    View Details
  • Northside Renaissance - Memphis

    Northside Renaissance

    1212 Vollintine, Vollintine, Memphis, TN
    For Lease
    • $15 - $20/SF/YR
    Property
    • Office
    • 300,000 SF
    Availability
    • 1 Space
    • 51,003 SF
    Year Built
    • 1968
    View Details
  • Champion Hills Office Park - Memphis

    Champion Hills Office Park

    3725 Champion Hills Dr, Windyke - Southwind, Memphis, TN
    For Lease
    • Contact for pricing
    Property
    • Office
    • 76,686 SF
    Availability
    • 6 Spaces
    • 17,577 SF
    Year Built
    • 2001
    View Details
  • Distriplex Center - Memphis

    Distriplex Center

    4500 Distriplex Cove, Oakhaven, Memphis, TN
    For Lease
    • $3.5/SF/YR
    Property
    • Industrial
    • 54,000 SF
    Availability
    • 1 Space
    • 54,000 SF
    View Details
  • Lipscomb & Pitts Building - Memphis

    Lipscomb & Pitts Building

    2670 Union Avenue Ext., Howzye, Memphis, TN
    For Lease
    • $16.5/SF/YR
    Property
    • Office
    • 119,525 SF
    Availability
    • 10 Spaces
    • 25,245 SF
    Year Built
    • 1975
    View Details
  • Walgreens - Memphis

    Walgreens

    5121 Quince Road, Eastgate, Memphis, TN
    For Sale
    • $3,708,000
    Property
    • Retail
    • 13,905 SF
    Year Built
    • 1996
    View Details
  • 6590 Kirby Centre Cove - Memphis

    6590 Kirby Centre Cove

    6590 Kirby Centre Cove, Hickory Hill, Memphis, TN
    For Lease
    • $15/SF/YR
    Property
    • Office
    • 20,000 SF
    Availability
    • 2 Spaces
    • 9,600 SF
    Year Built
    • 1988
    View Details
  • 492 S. Second Street - Memphis

    492 S. Second Street

    492 S. Second Street, Downtown Memphis, Memphis, TN
    For Lease
    • $12/SF/YR
    Property
    • Office
    • 9,000 SF
    Availability
    • 1 Space
    • 2,566 SF
    Year Built
    • 1930
    View Details
  • Commerce Park - Memphis

    Commerce Park

    4275 Winchester Rd, Parkway Village, Memphis, TN
    For Lease
    • $6/SF/YR
    Property
    • Industrial
    • 51,500 SF
    Availability
    • 2 Spaces
    • 4,500 SF
    Year Built
    • 1989
    View Details
  • International Place Drive - Memphis

    International Place Drive

    Office Freedom
    International Place Drive, Memphis, TN
    Coworking
    Services
    • Virtual Office
    • Private Office
    View Details
  • Willow Lake - Bldg 10 - Memphis

    Willow Lake - Bldg 10

    4049 Willow Lake Blvd , Parkway Village, Memphis, TN
    For Lease
    • Contact for pricing
    Property
    • Industrial
    • 217,743 SF
    Availability
    • 1 Space
    • 109,243 SF
    Year Built
    • 1989
    View Details

Memphis, TN Commercial Real Estate

There are currently 1,739 commercial listings available in Memphis, TN. These listings include 877 commercial spaces that encompass a total of 19,075,417 square feet. Available commercial spaces in Memphis, TN range in size from 0 square feet to 1,101,600 square feet. A total of 1,243 off-market commercial properties located in Memphis, TN are also available for research.

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Memphis, TN Commercial Real Estate Market Overview

Location Photo

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 Inventory Breakdown

In 2022 the Memphis, TN commercial real estate market totaled 30,005,606 square feet of office spaces, 19,841,522 square feet of office spaces with retail, and 159,141,870 square feet of industrial space.

Office Spaces

Total: 30,005,606 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 8,140,418 SqFt 27.13% of total office
100k to 500k SqFt 17,035,097 SqFt 56.77% of total office
500k to 1M SqFt 2,730,091 SqFt 9.1% of total office
> 1M SqFt 2,100,000 SqFt 7% of total office
By class:
Class A 9,852,310 SqFt 32.83% of total office
Class B 16,246,063 SqFt 54.14% of total office
Class C 1,943,933 SqFt 6.48% of total office
Roughly 9.1% of the total office space in Memphis, TN is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 27.13% of the office inventory.

Class A office space holds a 32.83% share of the overall Memphis, TN office market, while Class B office assets make up approximately 54.14%.

Industrial

Total: 159,141,870 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 18,791,950 SqFt 11.81% of total industrial
100k to 500k SqFt 76,986,704 SqFt 48.38% of total industrial
500k to 1M SqFt 38,033,193 SqFt 23.9% of total industrial
> 1M SqFt 25,330,023 SqFt 15.92% of total industrial
By class:
Class A 64,625,885 SqFt 40.61% of total industrial
Class B 80,748,378 SqFt 50.74% of total industrial
Class C 7,280,287 SqFt 4.57% of total industrial
There are 76,986,704 square feet of commercial real estate properties between 100k to 500k square feet, representing 48.38% of the Memphis, TN industrial inventory. Class A assets total 64,625,885 square feet of industrial space, with an additional 80,748,378 square feet of Class B and 7,280,287 square feet of Class C properties.

Office Spaces with Retail

Total: 19,841,522 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 3,820,440 SqFt 19.25% of total office with retail
100k to 500k SqFt 14,583,692 SqFt 73.5% of total office with retail
500k to 1M SqFt 1,437,390 SqFt 7.24% of total office with retail

Memphis, TN Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Memphis, TN Office 154 3,941,231
Memphis, TN Retail 123 1,387,820
Memphis, TN Industrial 155 12,117,894
Memphis, TN Other 510 19,105,077
Ofice Icon

154

Office

Industrial Icon

155

Industrial

Retail Icon

123

Retail

Current local active listing encompass 36,552,022 square feet of commercial space for lease in Memphis. There are 154 active office listings, which amount to 3,941,231 square feet and account for 16% of commercial spaces on the market. Local retail availability includes 1,387,820 square feet across 123 listings. Current industrial offerings on the market amount to 12,117,894 square feet across a total of 155.

Employment in Memphis, TN

Employed Population 297,579

Employed population - Industry % Distribution

Management, business, science, and arts occupations

31%

Sales and office occupations

23%

Production, transportation, and material moving occupations

21%

Service occupations

18%

Natural resources, construction, and maintenance occupations

6%

In 2020, roughly 31% of a total of 297,579 employed in Memphis worked in Management, business, science, and arts occupations, followed by 23% in Sales and office occupations and 21% in Production, transportation, and material moving occupations.

Income per capita $27,224  Median household income $43,794

Household income

56%

Under $50k

27%

$50k - $100k

13%

$100k - $200k

5%

Over $200k

The median household income in Memphis stands at $43,794, with per capita income at $27,224. Households earning between $50k and $100k represent 27% of the total, while those earning over $200k make up 5%. Approximately 56% of Memphis households earn less than $50k per year.

Commuting in Memphis, TN

Mean travel time to work 22 minutes

Means of transportation to work

82.60%

Driving alone

10.60%

Carpool

0.50%

Public transit

0.20%

Bicycle

2.10%

Walking

1.00%

Other

3.00%

Work at Home

*Universe: Workers 16 and over

Education in Memphis, TN

High school grad or higher 86%

Bachelor's degree or higher 26%

Population by minimum level of education

14%

No degree

32%

High school

29%

Some College

15%

Bachelor's

10%

Post-grad

*Universe: Workers 25 and over

An estimated 86% of Memphis residents aged 25 or over hold a high school degree or higher. Of those, 32% are high school graduates, 29% attended some college, 15% earned a bachelor's degree, with an additional 10% holding post-graduate degrees.

Memphis, TN Demographics

As of 2020, Memphis had a total population of 651,088, with a median age of 34.60 years. Roughly 65.50% of the total population was between the ages of 16 and 64 years old.