Memphis, TN Commercial Real Estate for Lease and Sale

Explore 553 listings of Memphis commercial real estate to find the best space for your business.

Shelby Oaks Complex III

5775 Summer Trees Drive, Meadow Brook, Memphis, TN
Property

Office

56,444 SF
Availability

1 Space

36,250 SF
Year Built

1979
For Lease Contact for pricing
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3685 Cherry Rd

3685 Cherry Rd, Parkway Village, Memphis, TN
Property

Industrial

5,705 SF
Availability

1 Space

5,700 SF
Year Built

1990
For Lease

$12.00/SF/YR
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Former Pritchard Brothers Plumbing Building

433 Madison Ave, Downtown Memphis, Memphis, TN
Property

Retail

4,210 SF
Year Built

1903
For Sale

Subject To Offer
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1507-1549 Two Place

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

Industrial

57,750 SF
Availability

1 Space

57,750 SF
Year Built

1977
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
4013 Premier Ave

4013 Premier Ave, Parkway Village, Memphis, TN
Property

Industrial

184,990 SF
Availability

1 Space

124,000 SF
Year Built

1964
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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8342 Macon Rd

8342 Macon Rd, Cordova, Memphis, TN
Property

Office

2,802 SF
Year Built

1975
For Sale

Subject To Offer
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Southwind Office Center - 8295 Tournament Drive

8295 Tournament Drive, Windyke - Southwind, Memphis, TN
Property

Office

64,129 SF
Availability

2 Spaces

17,558 SF
Year Built

1999
For Lease

$21.00/SF/YR
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5465 Fox Plaza Dr

5465 Fox Plaza Dr, Fox Meadows, Memphis, TN
Property

Retail

6,624 SF
Year Built

1974
For Sale

Subject To Offer
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Shops at Kirby Gate

2857 Kirby Parkway, Bal - Moral, Memphis, TN
Property

Retail

42,417 SF
Availability

3 Spaces

8,657 SF
For Lease Contact for pricing
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5681 Mt Moriah

5681 Mt Moriah, Fox Meadows, Memphis, TN
Property

Retail

7,188 SF
Availability

2 Spaces

3,988 SF
For Lease

$11.72 - $12.50/SF/YR
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1300 Getwell Rd

1300 Getwell Rd, East Memphis Park, Memphis, TN
Property

Retail

11,952 SF
Availability

1 Space

11,952 SF
Year Built

1959
For Lease

$8,000.00/MO
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8135 Country Village Drive

8135 Country Village Drive, Cordova, Memphis, TN
Property

Other
For Sale

$395,000
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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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Highland Row

521-529 S Highland Street, Chickasaw Gardens, Memphis, TN
Property

Retail

17,940 SF
Availability

2 Spaces

3,509 SF
For Lease Contact for pricing
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PeachTree Center

6135 Mount Moriah Road Ext, Hickory Hill, Memphis, TN
Property

Retail

22,853 SF
Availability

4 Spaces

7,520 SF
Year Built

1989
For Lease Contact for pricing
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Kirby Gate Business Center

2715-2725 Kirby Road, Bal - Moral, Memphis, TN
Property

Office
Availability

1 Space

17,704 SF
Year Built

2001
For Lease Contact for pricing
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Saint Francis Hospital - Loewenberg Building

6005 Park Avenue, Bal - Moral, Memphis, TN
Property

Office

157,160 SF
Availability

7 Spaces

10,133 SF
Year Built

1989
For Lease

$18.50 - $21.50/SF/YR
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Ridgeway Center - 965 Ridge Lake Blvd

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

Office

105,627 SF
Availability

2 Spaces

17,175 SF
Year Built

1982
For Lease Contact for pricing
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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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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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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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Colonnade
Regus
1661 International Drive Suite 400, 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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Forum III

1770 Kirby Pkwy, River Oaks, Memphis, TN
Property

Office

177,839 SF
Availability

5 Spaces

32,052 SF
Year Built

1985
For Lease

$25.00/SF/YR
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5,385 SF - Industrial Space Near Memphis Int'l Airport

3328 Winbrook Dr, Whitehaven, Memphis, TN
Property

Industrial
Availability

1 Space

5,385 SF
For Lease Contact for pricing
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12,500± SF | Prime Industrial Space in Memphis

3338-3352 Democrat Rd, Memphis International Airport, Memphis, TN
Property

Industrial
Availability

1 Space

12,000 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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Champion Hills Office Building

3725 Champion Hills Drive, Windyke - Southwind, Memphis, TN
Property

Office

78,688 SF
Availability

4 Spaces

21,695 SF
Year Built

2001
For Lease Contact for pricing
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2 Availabilities - 7005 Appling Farms Parkway | Cordova, Tennessee

7005 Appling Farms Pkwy, Cordova, Memphis, TN
Property

Industrial
Availability

1 Space

12,000 SF
For Lease Contact for pricing
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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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Saint Francis Hospital - O'Ryan Building

6005 Park Avenue, Bal - Moral, Memphis, TN
Property

Office

165,806 SF
Availability

4 Spaces

12,252 SF
Year Built

1989
For Lease

$18.50 - $21.50/SF/YR
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6170 Macon Rd, Memphis, TN

6170 Macon Rd, Shelby Farms Park, Memphis, TN
Property

Retail

89,045 SF
Availability

3 Spaces

15,300 SF
Year Built

1986
For Lease Contact for pricing
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Malone Distribution Park - Bldg 208

4456 Malone Rd, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

15,000 SF
Year Built

1981
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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949 South Shady Grove Road

949 South Shady Grove Road, River Oaks, Memphis, TN
Property

Office

155,000 SF
Availability

1 Space

6,645 SF
Year Built

2017
For Lease Contact for pricing
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Ridgeway Center - 999 Shady Grove

999 South Shady Grove Road, River Oaks, Memphis, TN
Property

Office

155,000 SF
Availability

4 Spaces

27,577 SF
Year Built

2008
For Lease Contact for pricing
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258 Poplar Avenue

258 Poplar Avenue, Uptown Memphis, Memphia, TN
Property

Retail

7,500 SF
Availability

1 Space

1,657 SF
For Lease

$19.19/SF/YR
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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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Last Lot in Prime Flex Development

6629 Reese Rd, Meadow Brook, Memphis, TN
Property

Industrial
For Sale Contact for pricing
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Tournament Trails

8700 Trail Lake Drive, Windyke - Southwind, Memphis, TN
Property

Office

73,423 SF
Availability

1 Space

5,516 SF
Year Built

2002
For Lease Contact for pricing
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1810 Pyramid Place

1810 Pyramid Place, Whitehaven, Memphis, TN
Property

Office

110,826 SF
Availability

4 Spaces

277,619 SF
Year Built

1998
For Lease

$16.47 - $19.98/SF/YR
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Physicians Plaza of Bartlett

7865 Educators Lane, Cordova, Memphis, TN
Property

Office

29,874 SF
Availability

3 Spaces

23,179 SF
Year Built

2004
For Lease Contact for pricing
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1,674 - 18,485 SF Available in Nonconnah Corporate Center in Memphis

1980 Nonconnah Blvd., Whitehaven, Memphis, TN
Property

Office
Availability

1 Space

18,485 SF
For Lease Contact for pricing
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Apple Orchard Office Plaza

6061 - 6077 Apple Tree Dr, Hickory Hill, Memphis, TN
Property

Office

20,000 SF
Availability

1 Space

1,075 SF
Year Built

1990
For Lease

$10.60/SF/YR
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361 S Main St

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

Retail

5,250 SF
Availability

1 Space

3,400 SF
Year Built

1930
For Lease Contact for pricing
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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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Northeast Memphis Sublease - 80,000± SF

6419 Shelby View Dr, Meadow Brook, Memphis, TN
Property

Industrial
Availability

1 Space

80,000 SF
Year Built

1999
For Lease Contact for pricing
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6189 E Shelby Dr

6189 E Shelby Dr, Parkway Village, Memphis, TN
Property

Office

6,089 SF
Year Built

1978
For Sale

Subject To Offer
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Senator Street Distribution - 4026-4080 Senator Street

4048 Senator St, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

35,600 SF
Year Built

1968
For Lease Contact for pricing
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1250 N Germantown Parkway

1250 N Germantown Parkway, Cordova, TN
Property

Retail

6,972 SF
Availability

2 Spaces

7,350 SF
For Lease

$15.11 - $16.00/SF/YR
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948 Reddoch Cv

948 Reddoch Cv, Eastgate, Memphis, TN
Property

Office

2,149 SF
Year Built

1954
For Sale

Subject To Offer
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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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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 11,009,841 square feet of office space across 157 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 4,319,649 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 1,137,487,878 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 17,998,505 square feet of available listings. Office space available in Memphis adds up to 3,867,125 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 $17.44 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 $4.58 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 $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 96,578 square feet.
Retail properties here incorporate an average of 39,997 square feet.
Industrial space in Memphis is in buildings that are, on average 10,247,639 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 76,179,611 square feet. The market offers 132 active office listing(s), which amount to 3,897,806 square feet and account for 35% of commercial spaces on the market. Local retail availability includes 834,712 square feet across 82 retail space(s). Industrial space for rent opportunities in Memphis amount to 18,089,408 square feet across a total of 136 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	132	3,897,806
Retail	82	834,712
Industrial	136	18,089,408
Other	27	53,357,685

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 3,078,882 square feet of commercial property for sale here , which includes 22 office building(s) for sale , 30 retail investment opportunity listing(s) , and 32 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	22	588,143
Retail	30	263,926
Industrial	32	1,803,945
Other	67	422,867

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

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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