In 2022 the Shelby County, TN commercial real estate market totaled 34,253,129 square feet of office spaces, 27,618,858 square feet of office spaces with retail, and 169,703,401 square feet of industrial space.
Office Spaces
Total: 34,253,129 SF
Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
| By square footage range: |
| 50k to 100k SqFt |
10,178,631 SqFt |
29.72% of total office |
| 100k to 500k SqFt |
18,324,407 SqFt |
53.5% of total office |
| 500k to 1M SqFt |
3,650,091 SqFt |
10.66% of total office |
| > 1M SqFt |
2,100,000 SqFt |
6.13% of total office |
| By class: |
| Class A |
11,293,930 SqFt |
32.97% of total office |
| Class B |
18,081,459 SqFt |
52.79% of total office |
| Class C |
1,999,523 SqFt |
5.84% of total office |
Roughly 10.66% of the total office space in Shelby County, TN is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 29.72% of the office inventory.
Class A office space holds a 32.97% share of the overall Shelby County, TN office market, while Class B office assets make up approximately 52.79%.
Industrial
Total: 169,703,401 SF
Data provided by Yardi Matrix, properties over 50k SF
| By square footage range: |
| 50k to 100k SqFt |
21,523,301 SqFt |
12.68% of total industrial |
| 100k to 500k SqFt |
81,020,786 SqFt |
47.74% of total industrial |
| 500k to 1M SqFt |
39,548,778 SqFt |
23.3% of total industrial |
| > 1M SqFt |
27,610,536 SqFt |
16.27% of total industrial |
| By class: |
| Class A |
68,029,467 SqFt |
40.09% of total industrial |
| Class B |
86,894,147 SqFt |
51.2% of total industrial |
| Class C |
9,132,107 SqFt |
5.38% of total industrial |
There are 81,020,786 square feet of commercial real estate properties between 100k to 500k square feet, representing 47.74% of the Shelby County, TN industrial inventory. Class A assets total 68,029,467 square feet of industrial space, with an additional 86,894,147 square feet of Class B and 9,132,107 square feet of Class C properties.
Office Spaces with Retail
Total: 27,618,858 SF
Data provided by Yardi Matrix, properties over 50k SF
| By square footage range: |
| 50k to 100k SqFt |
6,118,336 SqFt |
22.15% of total office with retail |
| 100k to 500k SqFt |
19,535,315 SqFt |
70.73% of total office with retail |
| 500k to 1M SqFt |
1,965,207 SqFt |
7.12% of total office with retail |
1661 International Drive Suite 400, Memphis, TNServices
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4221 Pilot Drive, Parkway Village, Memphis, TNFor Lease.jpg?width=450 "6,580± SF Industrial/Flex Building for Lease in Memphis")
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