In 2023 the Shelby County, TN commercial real estate market totaled 33,785,648 square feet of office spaces, 28,906,563 square feet of office spaces with retail, and 169,912,996 square feet of industrial space.
Office Spaces
Total: 33,785,648 SF
Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
| Range |
Total square feet |
Share of total |
| 50k to 100k SqFt |
10,182,336 SqFt |
30.14% of total office |
| 100k to 500k SqFt |
18,353,221 SqFt |
54.32% of total office |
| 500k to 1M SqFt |
3,150,091 SqFt |
9.32% of total office |
| > 1M SqFt |
2,100,000 SqFt |
6.22% of total office |
By class:
| Class |
Total square feet |
Share of total |
| Class A |
11,938,671 SqFt |
35.34% of total office |
| Class B |
17,301,766 SqFt |
51.21% of total office |
| Class C |
1,908,180 SqFt |
5.65% of total office |
Roughly 9.32% 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 30.14% of the office inventory.
Class A office space holds a 35.34% share of the overall Shelby County, TN office market, while Class B office assets make up approximately 51.21%.
Industrial
Total: 169,912,996 SF
Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
| Range |
Total square feet |
Share of total |
| 50k to 100k SqFt |
22,008,592 SqFt |
12.95% of total industrial |
| 100k to 500k SqFt |
81,529,504 SqFt |
47.98% of total industrial |
| 500k to 1M SqFt |
38,764,526 SqFt |
22.81% of total industrial |
| > 1M SqFt |
27,610,374 SqFt |
16.25% of total industrial |
By class:
| Class |
Total square feet |
Share of total |
| Class A |
68,372,403 SqFt |
40.24% of total industrial |
| Class B |
86,613,836 SqFt |
50.98% of total industrial |
| Class C |
9,958,827 SqFt |
5.86% of total industrial |
There are 81,529,504 square feet of commercial real estate properties between 100k to 500k square feet, representing 47.98% of the Shelby County, TN industrial inventory. Class A assets total 68,372,403 square feet of industrial space, with an additional 86,613,836 square feet of Class B and 9,958,827 square feet of Class C properties.
Office Spaces with Retail
Total: 28,906,563 SF
Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
| Range |
Total square feet |
Share of total |
| 50k to 100k SqFt |
6,048,315 SqFt |
20.92% of total office with retail |
| 100k to 500k SqFt |
20,393,041 SqFt |
70.55% of total office with retail |
| 500k to 1M SqFt |
2,465,207 SqFt |
8.53% of total office with retail |
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