Memphis, TN Office Spaces for Rent

Find your best Memphis, TN office space among 520 for rent listings, which average an asking price of $20.60 per square foot.

Office Market FAQs

Regional One Health Building

6555 Quince Rd, Bal - Moral, Memphis, TN
Space Type

Office
For Lease Contact for pricing

1 space available / 38,753 SF
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1214 Overton Park Ave

1214 Overton Park Ave, Med District, Memphis, TN
Space Type

Office
For Lease Contact for pricing

1 space available / 900 SF
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Seven Oaks Office Building

700 Colonial Road, Colonial, Memphis, TN
Space Type

Office
For Lease Contact for pricing

1 space available / 7,593 SF
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3,438 SF Available at 1785 Nonconnah Blvd.

2606 Corporate Ave, Whitehaven, Memphis, TN
Space Type

Office
For Lease Contact for pricing

1 space available / 3,438 SF
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Tucker Collective - 152 North Tucker Street

152 North Tucker Street #101, Memphis, TN
Space Type

Private Offices
For Lease

From $899/month
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Frequently Asked Questions

In Memphis, office spaces range from smaller units to larger options. On average, office spaces in this area tend to be about 6,582 square feet. However, the largest listings can go up to 308,304 square feet for an individual listing. This can give you a good starting point to compare with your needs.
In Memphis, you have several options when it comes to leasing office space. To better understand what to look for, check out our definitive guide to finding office space for your small business or startup. Here is an overview of the most common types currently available:
- Most Common Office Type
  The most frequent subtype available for lease is General Office, which makes up 67.56% of all listings in the city.
- Second-Most Common Office Type
  The second-most common office space type listed here is Medical Office, accounting for 11.52% of available listings.
- Third-Most Common Office Type
  Up next, Shared Space also makes up a significant portion of listings, offering additional options for those seeking alternative spaces.
- Rarest Office Type
  On the other end of the spectrum, the rarest type of office space among local listings is Street Retail, with only 1 listing currently available.
You can find a total of 520 listings for lease in Memphis, which add up to a total of 3,221,027 square feet. Out of these listings, 25 are sublease listings, with the highest concentration of sublease listings being located in River Oaks
Generally, buildings completed since the year 2000 offer modern amenities, decor and services. This also applies to buildings that have been renovated within the same timeframe. Buildings completed in or after the year 2000 account for 12.93% of office properties in this city and incorporate a total of 2,638,060 square feet. Additionally, about 4.76% of office space in Memphis is in buildings that have been renovated at least once since 2000.

Memphis, TN Office Space for Rent

Office inventory

According to our listing data, Memphis's office market contains 29.9M square feet of space as of 2026.

Memphis Office Market Breakdown by Building Size
Building Size Range	Total Square Feet
50k to 100k Sq. Ft.	8M Sq. Ft.
100k to 500k Sq. Ft.	15.2M Sq. Ft.
500k to 1M Sq. Ft.	1.7M Sq. Ft.
> 1M Sq. Ft.	2.1M Sq. Ft.

Data was provided by Yardi Research Data, refers to properties larger than 50,000 square feet.

Properties sized 100k to 500k Sq. Ft. make up most of the local office inventory, amounting to 15.2M square feet.

Average Rent for Office Spaces

The average rent for office space in Memphis is $21 per square foot. However, you can find rental rates as low as $16 per square foot here, depending on what compromises you are willing to make. If you are looking for office space priced at a certain value, you can use the filters at the top of the page to look for properties within your optimal range.

The maximum rental rate is $27 per square foot among local listings currently available for lease.

For our detailed analysis of the latest rent and sale prices in Memphis, as well as overall market quality and new construction data, see Memphis Office Market Trends.

Office Spaces Classes

The office space market in Memphis incorporates a mix of properties of various ages, ratings, construction grades, and other quality indicators. 36.82% of total office listings in this city are in properties rated Class A. Class B accounts for 52.48% of traditional work spaces listed on the leasing market. Class C makes up 10.71% of such listings in Memphis. This data is current as of 2026.

Memphis Office Market Breakdown by Building Class
Class	Total Square Feet	Share of Total Office
A	11M	36.82%
B	15.7M	52.48%
C	3.2M	10.71%

Data was provided by Yardi Research Data, refers to properties larger than 50,000 square feet.

The most common factor that influences the cost of renting space for your business in any location is the property class rating. For example, Memphis office space rated Class A asks an average of $22.55 per square foot. Class B space in Memphis costs $19.55 per square foot, on average.

Top Neighborhoods for Office Space

Location is everything when it comes to office spaces. Tenants place great value on well positioned properties in amenity-rich areas, potentially boosting office attendance.

In Memphis, the greatest concentration of lease opportunities is in River Oaks, Bal - Moral and Downtown Memphis.

Office Classes in Memphis, Tennessee Neighborhoods

Whitehaven

River Oaks

Windyke - Southwind

Class A+/A
Class B
Class C

The Whitehaven neighborhood contains the most Class A office space, attracting premium tenants and corporate headquarters. Meanwhile, the neighborhood with the most Class B space is Bal - Moral, offering quality space at affordable rates.

Memphis, TN Office Market Overview

Situated at the meeting point of three states — Tennessee, Mississippi and Arkansas — Memphis, Tenn. is widely known as a major transportation hub. However, companies that decide to set up shop in this metro will find that the Memphis office market has a lot to offer and every neighborhood in the city has a distinct feel.

The metro’s main area for corporate offices is downtown Memphis, which is located south of I-40 along the Mississippi River waterfront. Besides its ideal location for logistics, Memphis also offers a unique cultural atmosphere — it’s been dubbed “the home of the blues” and “the birthplace of rock ‘n’ roll.” The city’s spirited music scene is just one of many attractions for prospective residents and companies, in addition to its historical buildings and diversity.

Memphis, TN in the news

How Much Office Space Could You Rent for $10K/Month in the U.S.?

Memphis landed in third on our list of top options for the most office we could rent within our budget. The iconic city has been ranked among the best in the country for small business growth.

Top 20 Best Cities for Gen Z: Atlanta, Minneapolis & Boston Steal the Spotlight

Oklahoma City was the most affordable city on our list (followed by Tulsa, Okla., and Memphis, Tenn.). However, average or below-average scores in all other metrics except unemployment meant it secured a #24 finish. Yet, for remote workers or Zoomers looking for a quieter life, Oklahoma City could still be a great contender.

Memphis, TN Office Spaces for Rent

Regional One Health Building

1214 Overton Park Ave

Seven Oaks Office Building

3,438 SF Available at 1785 Nonconnah Blvd.

Tucker Collective - 152 North Tucker Street