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.

1315 N 2nd St

1315 N 2nd St, Industrial Area, Memphis, TN
Property

VacantLand

2,956 SF
Year Built

1972
For Sale

Subject To Offer
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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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3393 Summer Avenue

3393 Summer Avenue, Chickasaw Oaks, Memphis, TN
Property

Retail

7,000 SF
Availability

1 Space

1,700 SF
For Lease

$14.35/SF/YR
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29,508± SF Industrial Building on 3.0± AC

3569 Air Park St, Parkway Village, Memphis, TN
Property

Other
Availability

1 Space

29,508 SF
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
710 Oakleaf Office Ln

710 Oakleaf Office Ln, Colonial, Memphis, TN
Property

Office

6,284 SF
Year Built

1984
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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Retail site walking distance from University of Memphis

707 S Highland St | Memphis, Normal Station, Memphis, TN
Property

Retail

5,557 SF
Year Built

1965
For Sale

$525,000
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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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11,100± SF / 1.85± AC Industrial Availability in Memphis

287 E Brooks Rd, Whitehaven, Memphis, TN
Property

Industrial
Availability

1 Space

11,100 SF
For Lease Contact for pricing
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Goodlett Farms Business Campus - 1900 Charles Bryan Road

1900 Charles Bryan Road, Cordova, TN
Property

Office

120,264 SF
Availability

2 Spaces

44,902 SF
Year Built

1997
For Lease

$17.00/SF/YR
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22,500± SF Industrial Building on 4.12± AC

3924 Winchester Road | Memphis, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

22,500 SF
Year Built

2005
For Lease Contact for pricing
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Shelby Oaks Corporate Park | Building 3

1657 N Shelby Oaks Dr, Meadow Brook, Memphis, TN
Property

Industrial
Availability

1 Space

9,375 SF
Year Built

1999
For Lease Contact for pricing
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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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Heavy Industrial President’s Island - Memphis

2401 Harbor Ave, South - West Memphis, Memphis, TN
Property

Industrial
Availability

1 Space

70,000 SF
For Lease Contact for pricing
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Shelby Square

6990 East Shelby Drive, Hickory Hill, Memphis, TN
Property

Retail

145,073 SF
Availability

3 Spaces

8,835 SF
Year Built

1989
For Lease Contact for pricing
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1,815 Available in Nonconnah Corporate Center in Memphis

2701 Barris Dr, Whitehaven, Memphis, TN
Property

Industrial
Availability

1 Space

1,815 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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Ridgeway Center - 871 Ridgeway Loop Road

871 Ridgeway Loop Road, River Oaks, Memphis, TN
Property

Office

31,505 SF
Availability

7 Spaces

12,672 SF
Year Built

1978
For Lease Contact for pricing
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779 Walnut Knoll Lane

779 Walnut Knoll Lane, Cordova, TN
Property

Office

6,000 SF
For Sale

$830,000
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1840 Pyramid Place

1840 Pyramid Place, Whitehaven, Memphis, TN
Property

Office

130,399 SF
Availability

79 Spaces

108,423 SF
Year Built

2004
For Lease

$14.04 - $26.54/SF/YR
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21,464 SF Industrial Building For Sale

5888 Distribution Drive | Memphis, Parkway Village, Memphis, TN
Property

Industrial

21,464 SF
For Sale

$1,395,000
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6343 Summer Ave

6343 Summer Ave, Meadow Brook, Memphis, TN
Property

Retail

1,500 SF
Availability

1 Space

1,900 SF
For Lease

$15.16/SF/YR
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Southwind Office Center - 8245 Tournament Drive

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

Office

62,179 SF
Availability

6 Spaces

13,039 SF
Year Built

1991
For Lease

$21.00/SF/YR
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7275 Goodlett Farms Pkwy

7275 Goodlett Farms Pkwy, Cordova, TN
Property

Office

50,518 SF
Availability

1 Space

50,504 SF
Year Built

1997
For Lease Contact for pricing
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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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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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3750 Winchester

3750 Winchester, Oakville, Memphis, TN
Property

Industrial

28,850 SF
Year Built

1978
For Sale

Subject To Offer
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158-164 Madison Ave

158-164 Madison Ave, Downtown Memphis, Memphis, TN
Property

Retail

93,613 SF
Year Built

1961
For Sale

Subject To Offer
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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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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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Flex/industrial building under construction with Nov-2024 delivery

1926 Vanderhorn Drive | Memphis, Raleigh, Memphis, TN
Property

Industrial
Availability

1 Space

10,890 SF
For Lease Contact for pricing
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7845 US-64

7845 US-64, Cordova, Memphis, TN
Property

Office

53,400 SF
Availability

2 Spaces

33,928 SF
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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6.82± Acres IOS Property Available

4505 Malone Rd, Parkway Village, Memphis, TN
Property

Other
Availability

1 Space

6.82 Acre
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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5575 Poplar Avenue

5575 Poplar Avenue, Eastgate, Memphis, TN
Property

Office

45,000 SF
Availability

1 Space

14,766 SF
Year Built

2021
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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28,700± SF Industrial/ Flex Building Sale or Lease

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

Industrial

28,700 SF
Year Built

1992
For Sale Contact for pricing
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Lynnfield Office Park

1255, Bal - Moral, Memphis, TN
Property

Office
Availability

1 Space

98,694 SF
Year Built

1977
For Lease Contact for pricing
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7,240 Available in Nonconnah Corporate Center in Memphis

2694 Barris Dr, Whitehaven, Memphis, TN
Property

Industrial
Availability

1 Space

7,240 SF
For Lease Contact for pricing
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TRUCK PARKING | OUTDOOR STORAGE FOR LEASE IN MEMPHIS

5178 Citation Dr, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

9 Acre
For Lease Contact for pricing
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1562 Two Place

1562 Two Place, Whitehaven, Memphis, TN
Property

Industrial

70,342 SF
Availability Contact for availability
Year Built

1977
For Lease Contact for pricing
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Ridgeway Center - 5900 Poplar Avenue, 5865 & 5885 Ridgeway Center Pkwy

5900 Poplar Avenue, River Oaks, Memphis, TN
Property

Office

137,306 SF
Availability

14 Spaces

40,203 SF
Year Built

1973
For Lease Contact for pricing
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Marquee Red - 2400 Poplar

2400 Poplar, Binghampton, Memphis, TN
Property

Office
Availability

1 Space

9,941 SF
Year Built

1963
For Lease Contact for pricing
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Industrial - 603,388± SF For Lease in Memphis, TN

4600 Sonoma Cove, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

603,388 SF
For Lease Contact for pricing
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Dexter Lakes

1645 North Germantown Parkway, Cordova, Memphis, TN
Property

Office

6,666 SF
Availability

1 Space

3,270 SF
For Lease Contact for pricing
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5,188 - 25,268 SF Available at 1785 Nonconnah Blvd.

2731-2741 Nonconnah Blvd, Whitehaven, Memphis, TN
Property

Industrial
Availability

1 Space

25,268 SF
For Lease Contact for pricing
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Freestanding 7,307± SF Building Established Retail Corridor - Memphis

3895 Hacks Cross Rd, South Riverdale, Memphis, TN
Property

Retail

7,307 SF
Year Built

2004
For Sale

$1,975,000
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1,185± - 3,921± SF Available at 2603 Corporate Ave.

2603 Corporate Ave, Whitehaven, Memphis, TN
Property

Office
Availability

1 Space

2,297 SF
For Lease Contact for pricing
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8079 Trinity Rd

8079 Trinity Rd, Cordova, TN
Property

Retail

837 SF
Availability

1 Space

837 SF
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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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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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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