Memphis, TN Commercial Real Estate for Lease and Sale

Explore 542 listings of Memphis commercial real estate to find the best space for your business.

Crosstown Concourse

495 North Watkins Street, Med District, Memphis, TN
Property

Office

1,000,000 SF
Availability

2 Spaces

14,886 SF
Year Built

2017
For Lease Contact for pricing
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3865-3877 Winchester

3865-3877 Winchester, Oakhaven, Memphis, TN
Property

Retail

15,768 SF
Availability

1 Space

1,200 SF
Year Built

1986
For Lease

$12.99/SF/YR
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Clarke Road Industrial

4131 Clarke Rd, Hickory Hill, Memphis, TN
Property

Industrial
Availability

1 Space

354,640 SF
Year Built

2023
For Lease Contact for pricing
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Primacy II

6055 Primacy Pkwy, Bal - Moral, Memphis, TN
Property

Office

123,265 SF
Availability

5 Spaces

40,799 SF
Year Built

1981
For Lease

$21.00/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
3311 Jackson Ave

3311 Jackson Ave, Jackson, Memphis, TN
Property

Retail

6,780 SF
Year Built

1997
For Sale

Subject To Offer
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3237 Summer Ave

3237 Summer Ave, Chickasaw Oaks, Memphis, TN
Property

Retail

11,718 SF
Year Built

1957
For Sale

Subject To Offer
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752 Brookhaven Circle

752 Brookhaven Circle, Brennan, Memphis, TN
Property

Office

4,822 SF
Availability

3 Spaces

3,466 SF
For Lease

$22.00 - $25.29/SF/YR
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948 Reddoch Cv

948 Reddoch Cv, Eastgate, Memphis, TN
Property

Office

2,149 SF
Year Built

1954
For Sale

Subject To Offer
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1,980± SF Medical/Office on Poplar Ave. for Sublease

2847 Poplar Ave, Chickasaw Gardens, Memphis, TN
Property

Other
Availability

1 Space

1,980 SF
For Lease Contact for pricing
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Hobson Building

5384 Poplar Avenue, Brennan, Memphis, TN
Property

Office

66,097 SF
Availability

5 Spaces

14,617 SF
Year Built

1972
For Lease

$21.00 - $25.00/SF/YR
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Freestanding 7,307± SF Building Established Retail Corridor - Memphis

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

Retail
Availability

1 Space

7,307 SF
Year Built

2004
For Lease Contact for pricing
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4013 Premier Ave

4013 Premier Ave, Parkway Village, Memphis, TN
Property

Industrial

184,990 SF
Availability

1 Space

124,000 SF
Year Built

1964
For Lease Contact for pricing
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Cordova Collection

1771 North Germantown Parkway, Cordova, Memphis, TN
Property

Retail

88,000 SF
Availability

2 Spaces

8,773 SF
For Lease Contact for pricing
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Kirby Gate Land

Quince Rd, Bal - Moral, Memphis, TN
Property

VacantLand
For Sale

Subject To Offer
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4273 Cherry Center Drive

4273 Cherry Center Dr, Parkway Village, Memphis, TN
Property

Office

7,200 SF
Year Built

1988
For Sale

$300,000
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2 Buildings in Oakleaf Office Park totaling 11,844+/- SF - Near Poplar | Memphis

641 and 651 Oakleaf Office Lane, Colonial, Memphis, TN
Property

Office

11,844 SF
For Sale Contact for pricing
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5055 Covington Way

5055 Covington Way, Raleigh, Memphis, TN
Property

Industrial

11,050 SF
Availability

1 Space

5,550 SF
For Lease

$12.00/SF/YR
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64 S Main

64 S Main, Downtown Memphis, Memphis, TN
Property

Retail

14,000 SF
Availability

1 Space

14,000 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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Estate Office Park | Building 2

5336-5356 Estate Office Park Drive, Eastgate, Memphis, TN
Property

Office
Availability

1 Space

1,441 SF
Year Built

1982
For Lease Contact for pricing
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535 S Highland St

535 S Highland St, Chickasaw Gardens, Memphis, TN
Property

Retail

5,952 SF
Year Built

1924
For Sale

Subject To Offer
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Full Floor Office Availability Move-In Ready - Cordova, TN

65 Germantown Ct, Cordova, Memphis, TN
Property

Office
Availability

2 Spaces

27,243 SF
For Lease Contact for pricing
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Courtyard Memphis East/Bill Morris Parkway

3076 Kirby Pkwy, Hickory Hill, Memphis, TN
Property

Other

34,536 SF
Year Built

1998
For Sale

Subject To Offer
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Estate Office Park | Building 5

5389-5395 Estate Office Dr, Eastgate, Memphis, TN
Property

Office
Availability

1 Space

1,048 SF
Year Built

1982
For Lease Contact for pricing
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Indigo Plaza

50 South B.B. King Blvd, Downtown Memphis, Memphis, TN
Property

Office

174,700 SF
Availability

2 Spaces

29,332 SF
Year Built

2000
For Lease

$20.50/SF/YR
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50,588± SF on 3.69± AC in Memphis

2500 Channel, South - West Memphis, Memphis, TN
Property

Industrial
Availability

1 Space

50,588 SF
Year Built

1968
For Lease Contact for pricing
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610 Monroe Ave

610 Monroe Ave, Downtown Memphis, Memphis, TN
Property

Industrial

9,254 SF
Availability

1 Space

7,584 SF
Year Built

1997
For Lease Contact for pricing
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Eastpark Distribution Center IV

5265 Hickory Hill Rd, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

96,400 SF
Year Built

2003
For Lease Contact for pricing
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Ridgeway Center - 850 Ridge Lake Blvd

850 Ridge Lake Blvd, River Oaks, Memphis, TN
Property

Office

122,096 SF
Availability

7 Spaces

64,164 SF
Year Built

1986
For Lease Contact for pricing
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Poplar Towers

6263 Poplar Ave, Bal - Moral, Memphis, TN
Property

Office

102,040 SF
Availability

10 Spaces

14,393 SF
Year Built

1974
For Lease Contact for pricing
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1250 N Germantown Parkway

1250 N Germantown Parkway, Cordova, TN
Property

Retail

6,972 SF
Availability

2 Spaces

7,350 SF
For Lease

$15.11 - $16.00/SF/YR
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50,588± SF on 3.69± AC in Memphis

2500 Channel, South - West Memphis, Memphis, TN
Property

Industrial

50,588 SF
Year Built

1968
For Sale Contact for pricing
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33,835± SF Divisible to 16,137± SF Flex/Industrial Availability

2655 Dividend Dr, Whitehaven, Memphis, TN
Property

Industrial
Availability

1 Space

33,835 SF
For Lease Contact for pricing
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Expandable Industrial Space for Development

2089 & 2147 Frisco Ave, Orange Mound, Memphis, TN
Property

Industrial
Availability

1 Space

72,000 SF
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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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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Southwind Office Plaza

3101 Players Club Pkwy, Windyke - Southwind, Memphis, TN
Property

Office

61,275 SF
Availability

4 Spaces

16,544 SF
Year Built

1988
For Lease

$15.50/SF/YR
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1052 Brookfield Rd

1052 Brookfield Rd, Eastgate, Memphis, TN
Property

Office

6,080 SF
Availability

1 Space

240 SF
Year Built

1975
For Lease

$90.00 - $100.00/SF/YR
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6161 Montridge Cv

6161 Montridge Cv, Hickory Hill, Memphis, TN
Property

Other

8,000 SF
Year Built

2007
For Sale

$850,000
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Triad Centre II

6060 Poplar Avenue, River Oaks, Memphis, TN
Property

Office

110,305 SF
Availability

4 Spaces

12,838 SF
Year Built

1984
For Lease Contact for pricing
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1840 Pyramid Place

1840 Pyramid Place, Whitehaven, Memphis, TN
Property

Office

130,399 SF
Availability

76 Spaces

88,299 SF
Year Built

2004
For Lease

$15.03 - $26.54/SF/YR
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100 Acres for Sale | Elvis Presley Blvd. Frontage

5475 U.S. Highway 51, Whitehaven, Memphis, TN
Property

VacantLand
For Sale

Subject To Offer
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5,000± SF Industrial Building with Immediate access to BNSF Intermodal Yard

4871 E Shelby Dr, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

5,000 SF
For Lease Contact for pricing
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1810 Pyramid Place

1810 Pyramid Place, Whitehaven, Memphis, TN
Property

Office

110,826 SF
Availability

4 Spaces

277,619 SF
Year Built

1998
For Lease

$16.47 - $19.98/SF/YR
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3,142± SF Office Availability - Convenient to Poplar Ave.

670 Oakleaf Office Ln, Colonial, Memphis, TN
Property

Office
Availability

1 Space

3,142 SF
Year Built

1987
For Lease Contact for pricing
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12,500± SF | Prime Industrial Space in Memphis

3338-3352 Democrat Rd, Memphis International Airport, Memphis, TN
Property

Industrial
Availability

1 Space

12,000 SF
For Lease Contact for pricing
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Thousand Oaks Business Center - 2620 Thousand Oaks Blvd

2620 Thousand Oaks Blvd, Colonial, Memphis, TN
Property

Office

120,365 SF
Availability

9 Spaces

118,447 SF
Year Built

1989
For Lease

$16.50/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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7041 US HWY 64

7041 US HWY 64 , Cordova, Memphis, TN
Property

Retail

14,400 SF
Availability

1 Space

950 SF
Year Built

1998
For Lease

$18.95/SF/YR
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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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949 South Shady Grove Road

949 South Shady Grove Road, River Oaks, Memphis, TN
Property

Office

155,000 SF
Availability

1 Space

6,645 SF
Year Built

2017
For Lease Contact for pricing
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Historic 4-Story Building in the Heart of Downtown Memphis

491 South Main St., Downtown Memphis, Memphis, TN
Property

Office

16 SF
Year Built

1925
For Sale Contact for pricing
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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 12,335,803 square feet of office space across 168 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 4,509,613 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 1,139,587,175 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 19,898,168 square feet of available listings. Office space available in Memphis adds up to 4,488,399 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 $17.41 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 $5.34 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 Whitehaven 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 97,904 square feet.
Retail properties here incorporate an average of 40,628 square feet.
Industrial space in Memphis is in buildings that are, on average 9,264,937 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 72,906,974 square feet. The market offers 143 active office listing(s), which amount to 4,582,412 square feet and account for 34% of commercial spaces on the market. Local retail availability includes 971,525 square feet across 93 retail space(s). Industrial space for rent opportunities in Memphis amount to 19,898,168 square feet across a total of 150 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	143	4,582,412
Retail	93	971,525
Industrial	150	19,898,168
Other	26	47,454,869

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 3,108,594 square feet of commercial property for sale here , which includes 26 office building(s) for sale , 25 retail investment opportunity listing(s) , and 34 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	26	615,561
Retail	25	207,910
Industrial	34	1,920,678
Other	62	364,444

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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