Memphis, TN Commercial Real Estate for Lease - 421 Listings

4221 Pilot Drive

4221 Pilot Drive, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

200,000 SF
Year Built

1972
For Lease Contact for pricing
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3,565 & 4,466 SF Available at 1785 Nonconnah Blvd.

2005 Nonconnah Blvd., Whitehaven, Memphis, TN
Property

Office
Availability

1 Space

4,466 SF
For Lease Contact for pricing
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Democrat Road and Business Park Dr

Democrat Road and Business Park Dr, Memphis International Airport, Memphis, TN
Property

VacantLand
Availability

1 Space

1.9 Acre
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

3 Spaces

25,996 SF
Year Built

1997
For Lease

$21.00/SF/YR
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Triad Centre II

6060 Poplar Avenue, River Oaks, Memphis, TN
Property

Office

110,305 SF
Availability

4 Spaces

12,838 SF
Year Built

1984
For Lease Contact for pricing
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860 Herbert Road

860 Herbert Road, Cordova, Memphis, TN
Property

Industrial

14,700 SF
Availability

1 Space

14,700 SF
For Lease

$8.16/SF/YR
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3257-3265 N Watkins

3257-3265 N Watkins, Frayser, Memphis, TN
Property

Retail

8,900 SF
Availability

3 Spaces

5,000 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
Availability

1 Space

11,500 SF
Year Built

1957
For Lease

$13.00/SF/YR
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12,085± SF Available in Nonconnah Corporate Center in Memphis

1910 Pyramid Pl, Whitehaven, Memphis, TN
Property

Office
Availability

1 Space

2,070 SF
For Lease Contact for pricing
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1037 Cresthaven Rd

1037 Cresthaven Rd, Eastgate, Memphis, TN
Property

Office

5,970 SF
Availability

1 Space

5,970 SF
For Lease Contact for pricing
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100,000 - 200,000 for Sublease in Memphis

4221 Pilot Dr, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

200,000 SF
For Lease Contact for pricing
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International Place II

6410 Poplar Avenue, River Oaks, Memphis, TN
Property

Office

211,932 SF
Availability

10 Spaces

87,045 SF
Year Built

1987
For Lease Contact for pricing
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Thousand Oaks Business Center - 2620 Thousand Oaks Blvd

2620 Thousand Oaks Blvd, Colonial, Memphis, TN
Property

Office

120,365 SF
Availability

9 Spaces

118,447 SF
Year Built

1989
For Lease

$16.50/SF/YR
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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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2,250 SF Available for Lease - 2851 Lamb Pl., Ste. 4

2851 Lamb Pl. Ste. 4, Memphis International Airport, Memphis, TN
Property

Industrial
Availability

1 Space

2,250 SF
Year Built

1974
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

2 Spaces

13,393 SF
Year Built

1924
For Lease

$18.50/SF/YR
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Primacy II

6055 Primacy Pkwy, Bal - Moral, Memphis, TN
Property

Office

123,265 SF
Availability

7 Spaces

74,647 SF
Year Built

1981
For Lease

$21.00/SF/YR
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5,000± SF Industrial Building with Immediate access to BNSF Intermodal Yard

4871 E Shelby Dr, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

5,000 SF
For Lease Contact for pricing
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Ridgeway Center - 965 Ridge Lake Blvd

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

Office

105,627 SF
Availability

3 Spaces

31,317 SF
Year Built

1982
For Lease Contact for pricing
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Lenox Park - 6775 Lenox Center Court

6775 Lenox Center Court, Hickory Hill, Memphis, TN
Property

Office

101,246 SF
Availability

6 Spaces

98,411 SF
Year Built

1999
For Lease

$19.50/SF/YR
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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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Freestanding 35,624 SF on 2.81 acres

3930 E Raines Road | Memphis, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

35,624 SF
Year Built

1970
For Lease Contact for pricing
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3711-3721 Lamar Ave

3711-3721 Lamar Ave , Oakville, Memphis, TN
Property

Retail

1,200 SF
Availability

2 Spaces

1,200 SF
For Lease

$12.00 - $15.00/SF/YR
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Lamar Crossing

2926-2938 Lamar Avenue, Bethel Grove, Memphis, TN
Property

Retail

64,800 SF
Availability

4 Spaces

91,042 SF
For Lease Contact for pricing
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Colony Square

5376 Knight Arnold Rd, Fox Meadows, Memphis, TN
Property

Retail

25,031 SF
Availability

3 Spaces

11,040 SF
Year Built

1987
For Lease Contact for pricing
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Distriplex Business Park II

5633 Mineral Wells Road | Memphis, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

130,000 SF
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 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 - 421 Listings

4221 Pilot Drive

3,565 & 4,466 SF Available at 1785 Nonconnah Blvd.

Democrat Road and Business Park Dr

Tower at Peabody Place

Triad Centre II

860 Herbert Road

3257-3265 N Watkins

3237 Summer Ave

12,085± SF Available in Nonconnah Corporate Center in Memphis

1037 Cresthaven Rd

100,000 - 200,000 for Sublease in Memphis

International Place II

Thousand Oaks Business Center - 2620 Thousand Oaks Blvd

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

2,250 SF Available for Lease - 2851 Lamb Pl., Ste. 4

Pembroke Square

Primacy II

5,000± SF Industrial Building with Immediate access to BNSF Intermodal Yard

Ridgeway Center - 965 Ridge Lake Blvd

Lenox Park - 6775 Lenox Center Court

Ridgeway Business Center

Freestanding 35,624 SF on 2.81 acres

3711-3721 Lamar Ave

Lamar Crossing

Colony Square

Distriplex Business Park II

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 - 421 Listings

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