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680 Office Spaces for Rent in Memphis, TN

  • Saint Francis Hospital - O'Ryan Building - Memphis
    6005 Park Avenue, Bal - Moral, Memphis, TN 38119
    For Lease $17 - $20/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 1,079 Sqft
  • Kirby Gate Office Building - Memphis
    2900 Kirby Road, Bal - Moral, Memphis, TN 38119
    For Lease $17.5/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 4,958 Sqft
  • Lynnfield Office Park - Building D - Memphis
    1755 Lynnfield Road, Bal - Moral, Memphis, TN 38119
    For Lease $18/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 2,680 Sqft
  • Forum III - Memphis
    1770 Kirby Pkwy, River Oaks, Memphis, TN 38138
    For Lease $22.5/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 27,262 Sqft
  • Airport Business Park - Memphis
    3000 Democrat Road, Memphis International Airport, Memphis, TN 38118
    For Lease $9 - $14.5/Sqft/Year
    Property
    • Industrial
    Availability
    • 1 Space
    • 104,169 Sqft
  • Crescent Center - Memphis
    6075 Poplar Avenue, Bal - Moral, Memphis, TN 38119
    For Lease $32.5 - $34/Sqft/Year
    Property
    • Office
    Availability
    • 8 Spaces
    • 42,028 Sqft
  • Primacy II - Memphis
    6055 Primacy Pkwy, Bal - Moral, Memphis, TN 38119
    For Lease $21/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 16,922 Sqft
  • Bonnie Lane Office Centre - Cordova
    1590 Bonnie Lane, Cordova, TN 38018
    For Lease $10.5 - $12/Sqft/Year
    Property
    • Office
    Availability
    • 14 Spaces
    • 42,729 Sqft
  • Southwind Office Center - Building A - Memphis
    8245 Tournament Drive, Windyke - Southwind, Memphis, TN 38125
    For Lease $21/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 6,793 Sqft
  • Atrium I & II - Germantown
    6800 Poplar Avenue, River Oaks, Germantown, TN 38138
    For Lease $22/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 5,258 Sqft
  • 2605 Nonconnah Blvd - Memphis
    2605 Nonconnah Blvd, Whitehaven, Memphis, TN 38132
    For Lease $15/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 5,412 Sqft
  • Southwind Office Center - 3400 Players Club Pkwy - Memphis
    3400 Players Club Pkwy, Windyke - Southwind, Memphis, TN 38125
    For Lease $21/Sqft/Year
    Property
    • Office
    Availability
    • 6 Spaces
    • 29,772 Sqft
  • 1699-1735 Sycamore View Road - Memphis
    1699 Sycamore View Road, Meadow Brook, Memphis, TN 38134
    For Lease $9.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 63,590 Sqft
  • Brinkley Plaza - Memphis
    80 Monroe Avenue, Downtown Memphis, Memphis, TN 38103
    For Lease $16/Sqft/Year
    Property
    • Office
    Availability
    • 20 Spaces
    • 59,474 Sqft
  • Southwind Office Center - Building D - Memphis
    8295 Tournament Drive, Windyke - Southwind, Memphis, TN 38125
    For Lease $21/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 27,755 Sqft
  • Pembroke Square - Memphis
    119 South Main Street, Downtown Memphis, Memphis, TN 38103
    For Lease $14.5 - $15/Sqft/Year
    Property
    • Office
    Availability
    • 8 Spaces
    • 36,613 Sqft
  • Lenox Office Park - Building A - Memphis
    3175 Lenox Park Blvd, Hickory Hill, Memphis, TN 38115
    For Lease $17.5/Sqft/Year
    Property
    • Office
    Availability
    • 14 Spaces
    • 66,105 Sqft
  • International Place II - Memphis
    6410 Poplar Avenue, River Oaks, Memphis, TN 38119
    For Lease $32/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 38,876 Sqft
  • Fifty Peabody Place - Memphis
    50 Peabody Place, Downtown Memphis, Memphis, TN 38103
    For Lease $15/Sqft/Year
    Property
    • Office
    Availability
    • 14 Spaces
    • 38,052 Sqft
  • Shadow Creek I - Memphis
    3350 Players Club Pkwy, Windyke - Southwind, Memphis, TN 38125
    For Lease $21/Sqft/Year
    Property
    • Office
    Availability
    • 7 Spaces
    • 34,977 Sqft
  • Southwind Office Plaza - Memphis
    3101 Players Club Pkwy, Windyke - Southwind, Memphis, TN 38125
    For Lease $14.5/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 20,039 Sqft
  • Saint Francis Hospital - Loewenberg Building - Memphis
    6005 Park Avenue, Bal - Moral, Memphis, TN 38119
    For Lease $17 - $20/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 5,731 Sqft
  • Embassy Office Building - Memphis
    795 Ridge Lake Blvd, River Oaks, Memphis, TN 38120
    For Lease $27.5/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 20,261 Sqft
  • Thousand Oaks Business Center - 2650 Thousand Oaks Blvd - Memphis
    2650 Thousand Oaks Blvd, Colonial, Memphis, TN 38118
    For Lease $16.5/Sqft/Year
    Property
    • Office
    Availability
    • 11 Spaces
    • 83,567 Sqft
  • 855 Ridge Lake Blvd - Memphis
    855 Ridge Lake Blvd, River Oaks, Memphis, TN 38120
    For Lease $18.75/Sqft/Year
    Property
    • Office
    Availability
    • 6 Spaces
    • 25,248 Sqft

Memphis, TN Office Space Listings

There are currently 292 office listings available in Memphis, TN. These listings include 680 office spaces that encompass a total of 4,343,291 square feet. Available office spaces in Memphis, TN range in size from 44 square feet to 300,000 square feet. A total of 167 off-market office properties located in Memphis, TN are also available for research.

Look For Office Space Near Me

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Memphis, TN Office Overview

Location Photo

The Memphis Metropolitan Area includes the Audubon, Bal-Moral, and Hickory Hill office space submarkets. With a metropolitan population of over 1.3 million people, the economy in Memphis is driven in large part by the education and transportation industries, which create a robust demand in the Memphis area.

As of mid-2017, the Greater Memphis market encompasses over 22 million square feet of existing office space in properties larger than 50,000 square feet. Located in the southwestern part of Tennessee, the city is a major transportation hub and a Mississippi River crossing for both the I-40 and I-55 interstate freeways.

Memphis, TN Office Inventory Description

Memphis has historically been a major hub in the country's transportation system, dating all the way back to the Civil War. Transportation and logistics, along with the numerous corporate offices in the city, create significant demand for commercial real estate in Memphis, TN. With a gross metropolitan product of nearly $68 billion annually, there is a steadily increasing need for commercial real estate in the metro area. Nearly 39% of the local inventory is Class A or A+, while Class B space adds another 55% of product to the market.

Some of the greatest demand for Class A office space in Memphis comes from the Downtown Memphis submarket. Located just south of I-40 along the banks of the Mississippi River, this submarket is home to portfolio buildings such as the Toyota Center, One Commerce Square at 40 South Main Street, and One Memphis Place on Jefferson Avenue. The local commercial real estate market sees a lot of demand from the communities of Raleigh and Cordova.

Memphis, TN Commercial Inventory Breakdown

Office Spaces

Total: 29,114,204 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 7,516,170 SF / 25.82% of total office
  • 100k to 500k SF: 16,767,943 SF / 57.59% of total office
  • 500k to 1M SF: 2,730,091 SF / 9.38% of total office
  • > 1M SF: 2,100,000 SF / 7.21% of total office

By class:

  • Class A: 9,543,513 SF / 32.78% of total office
  • Class B: 15,336,482 SF / 52.68% of total office
  • Class C: 1,561,909 SF / 5.36% of total office

Top 10 Largest Office Buildings

in Memphis

Office building Address Sqft Year built
FedEx World Headquarters 3610 Hacks Cross Road, 38125 1,100,000 2000
Crosstown Concourse 495 North Watkins Street, 38104 1,000,000 2017
Clark Tower 5100 Poplar Avenue, 38117 668,505 1973
4001 Airways Blvd 4001 Airways Blvd, 38116 521,286 1985
165 Madison Avenue 165 Madison Avenue, 38103 509,000 1966
150 Peabody Place 150 Peabody Place, 38103 400,000 2017
One Commerce Square 40 South Main Street, 38103 399,350 1972
Audubon Woods Business Campus 755 Crossover Lane, 38117 360,000 1981
Crescent Center 6075 Poplar Avenue, 38119 337,916 1986
Raymond James Tower 50 North Front Street, 38103 334,668 1984

Largest Office Properties Recently Completed

in Memphis

Office building Address Sqft Year built
FedEx Logistics Headquarters 145 Lt. George W. Lee Avenue, 38103 200,000 2020
Orion Federal Credit Union Headquarters 400 Monroe Avenue, 38103 75,000 2019
Crosstown Concourse 495 North Watkins Street, 38104 1,000,000 2017
150 Peabody Place 150 Peabody Place, 38103 400,000 2017
949 South Shady Grove Road 949 South Shady Grove Road, 38120 155,000 2017
International Place IV 1740 International Drive, 38197 241,177 2014
3495 Hacks Cross Road 3495 Hacks Cross Road, 38125 113,000 2013
Triad Centre III 6070 Poplar Avenue, 38119 148,810 2009
Medtronic Campus - 1770 Pyramid Place 1770 Pyramid Place, 38132 176,532 2008
Ridgeway Center - 999 Shady Grove 999 South Shady Grove Road, 38120 155,000 2008

Memphis, TN Green Office Space

Employment

The 2017 National Green Building Adoption Index surveyed the top 30 markets in the U.S. and discovered that the percentage of green office space, including LEED and Energy Star-rated office space, has reached nearly 38%. This is among buildings larger than 50,000 square feet.

While Memphis didn't make the top 30, the city does have several examples of energy-efficient Class A property. One example of a LEED-certified building is the Triad Centre III on Poplar Avenue. Located in the River Oaks neighborhood, this 148,810-square-foot Class A property was built in 2009 and holds a highly-coveted LEED Gold certification.

Memphis, TN's Top Office-Using Sectors

The transportation & logistics, manufacturing, healthcare, and corporate office sectors all have a strong presence here and create a consistent demand for commercial real estate.

  • Transportation & Logistics – White-collar office employment is created by the numerous transportation-related businesses in the city, including FedEx Express, Katt Worldwide Logistics, and Williams-Sonoma distribution.
  • Manufacturing – International Paper, Mueller Industries, Thomas & Betts, Verso Paper, and Wright Medical Group are some of the larger publicly traded firms in the metro that drive the demand for white-collar labor.
  • Healthcare – Merck, Smith & Nephew, Medtronic, and the St. Jude Children's Research Hospital are all located here.
  • Corporate Office – A variety of major corporate locations create demand for Class A space, including firms such as Cargill Cotton, Evergreen Packaging, Information Technology, Nike, the IRS, and investment banking firm Morgan Keegan & Company.

FREQUENTLY ASKED QUESTIONS

How much does office space cost in Memphis, TN?

The average office rental rate in Memphis, TN is $17.87 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways.

What is the size of available office spaces in Memphis, TN?

The Memphis, TN office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 150,022 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Memphis, TN is 44 square feet, while the maximum rentable space on the market now is 300,000 square feet.

How do I get office space in Memphis, TN?

Start your search for office space in Memphis, TN by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.

How many office listings are available in Memphis, TN?

There are 292 office listings on the Memphis, TN market.

Memphis Demographics

Population

  • Total Population653,248
  • Male Population(47.4 %) 309,583
  • Female Population(52.6 %) 343,665
  • Median Age33.80

Income/Financial

  • Average Household Income$59,730
  • Median Household Income$39,108
  • Median Income Under 25$22,867
  • Median Income 25-44$38,646
  • Median Income 45-64$45,175
  • Median Income Over 65$35,330

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