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1,635 Commercial Real Estate Listings in Memphis, TN

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  • 4063 Viscount Avenue - Memphis

    4063 Viscount Avenue

    4063 Viscount Avenue, Parkway Village, Memphis, TN
    For Lease
    • $2.85/Sqft/Year
    Property
    • Industrial
    • 361,000 Sqft
    Availability
    • 1 Space
    • 99,205 Sqft
    Year Built
    • 1979
    View Details
  • 855 Ridge Lake - Memphis

    855 Ridge Lake

    855 Ridge Lake, River Oaks, Memphis, TN
    For Lease
    • $18.5/Sqft/Year
    Property
    • Office
    • 80,999 Sqft
    Availability
    • 4 Spaces
    • 28,665 Sqft
    Year Built
    • 1973
    View Details
  • Willow Lake - Bldg 1 - Memphis

    Willow Lake - Bldg 1

    5250-5300 E Raines Road (Bldg 1), Parkway Village, Memphis, TN
    For Lease
    • $2.25 - $5.15/Sqft/Year
    Property
    • Industrial
    • 78,300 Sqft
    Availability
    • 3 Spaces
    • 43,100 Sqft
    Year Built
    • 1990
    View Details
  • Southwind Office Park - Memphis

    Southwind Office Park

    8150 T and B Blvd, Windyke - Southwind, Memphis, TN
    For Lease
    • $14/Sqft/Year
    Property
    • Industrial
    • 64,196 Sqft
    Availability
    • 1 Space
    • 64,196 Sqft
    Year Built
    • 1999
    View Details
  • Poplar Towers - Memphis

    Poplar Towers

    6263 Poplar Ave, Bal - Moral, Memphis, TN
    For Lease
    • Contact for pricing
    Property
    • Office
    • 102,040 Sqft
    Availability
    • 10 Spaces
    • 15,671 Sqft
    Year Built
    • 1974
    View Details
  • ZZ Market Former Guys Tuxedos) - Memphis

    ZZ Market Former Guys Tuxedos)

    3574-3580 Park Ave, Normal Station, Memphis, TN
    For Lease
    • $10/Sqft/Year
    Property
    • Retail
    • 20,642 Sqft
    Availability
    • 1 Space
    • 20,642 Sqft
    Year Built
    • 1994
    View Details
  • Perimeter Point Business Center - Memphis

    Perimeter Point Business Center

    5125 & 5175 Elmore Road, 5115 Covington Way, 2170 & 2175 Business Center Drive, 2165 Spice Cove, Raleigh, Memphis, TN
    For Lease
    • $7 - $20/Sqft/Year
    Property
    • Industrial
    • 131,000 Sqft
    Availability
    • 3 Spaces
    • 9,565 Sqft
    Year Built
    • 1987
    View Details
  • Phelan Building - Memphis

    Phelan Building

    575 Phelan Ave , Downtown Memphis, Memphis, TN
    For Lease
    • Contact for pricing
    Property
    • Industrial
    • 102,000 Sqft
    Availability
    • 1 Space
    • 102,000 Sqft
    Year Built
    • 1961
    View Details
  • Lipscomb & Pitts Building - Memphis

    Lipscomb & Pitts Building

    2670 Union Avenue Ext., Howzye, Memphis, TN
    For Lease
    • $16.5/Sqft/Year
    Property
    • Office
    • 119,525 Sqft
    Availability
    • 10 Spaces
    • 26,067 Sqft
    Year Built
    • 1975
    View Details
  • Wolf River Commons - Cordova

    Wolf River Commons

    420 S Germantown Rd, Kimbrough Woods, Cordova, TN
    For Lease
    • $12/Sqft/Year
    Property
    • Retail
    • 20,427 Sqft
    Availability
    • 1 Space
    • 2,845 Sqft
    Year Built
    • 2003
    View Details
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  • Willow Lake - Bldg 10 - Memphis

    Willow Lake - Bldg 10

    4049 Willow Lake Blvd , Parkway Village, Memphis, TN
    For Lease
    • Contact for pricing
    Property
    • Industrial
    • 217,743 Sqft
    Availability
    • 1 Space
    • 109,243 Sqft
    Year Built
    • 1989
    View Details
  • Memphis Plaza III - Memphis

    Memphis Plaza III

    3367 One Place, Whitehaven, Memphis, TN
    For Lease
    • Contact for pricing
    Property
    • Industrial
    • 20,000 Sqft
    Availability
    • 1 Space
    • 10,000 Sqft
    Year Built
    • 1982
    View Details
  • Champion Hills Office Park - Memphis

    Champion Hills Office Park

    3725 Champion Hills Dr, Windyke - Southwind, Memphis, TN
    For Lease
    • $18.75/Sqft/Year
    Property
    • Office
    • 76,686 Sqft
    Availability
    • 3 Spaces
    • 8,108 Sqft
    Year Built
    • 2001
    View Details
  • Willow Lake - Bldg 7 - Memphis

    Willow Lake - Bldg 7

    5146-5202 E Raines Road, Parkway Village, Memphis, TN
    For Lease
    • $4/Sqft/Year
    Property
    • Industrial
    • 86,700 Sqft
    Availability
    • 1 Space
    • 11,130 Sqft
    Year Built
    • 1985
    View Details
  • Distriplex Center - Memphis

    Distriplex Center

    4500 Distriplex Cove, Oakhaven, Memphis, TN
    For Lease
    • $3.5/Sqft/Year
    Property
    • Industrial
    • 54,000 Sqft
    Availability
    • 1 Space
    • 54,000 Sqft
    View Details
  • Airport Industrial Park - Memphis

    Airport Industrial Park

    4292 E Raines Rd, Parkway Village, Memphis, TN
    For Lease
    • $2.65/Sqft/Year
    Property
    • Industrial
    • 47,500 Sqft
    Availability
    • 1 Space
    • 47,500 Sqft
    Year Built
    • 1979
    View Details
  • 492 S. Second Street - Memphis

    492 S. Second Street

    492 S. Second Street, Downtown Memphis, Memphis, TN
    For Lease
    • $12/Sqft/Year
    Property
    • Office
    • 9,000 Sqft
    Availability
    • 1 Space
    • 2,566 Sqft
    Year Built
    • 1930
    View Details
  • 6590 Kirby Centre Cove - Memphis

    6590 Kirby Centre Cove

    6590 Kirby Centre Cove, Hickory Hill, Memphis, TN
    For Lease
    • $15/Sqft/Year
    Property
    • Office
    • 20,000 Sqft
    Availability
    • 2 Spaces
    • 9,600 Sqft
    Year Built
    • 1988
    View Details
  • Willow Lake - Bldg 9 - Memphis

    Willow Lake - Bldg 9

    4135-4165 Willow Lake Blvd (Bldg 9), Parkway Village, Memphis, TN
    For Lease
    • Contact for pricing
    Property
    • Industrial
    • 50,000 Sqft
    Availability
    • 2 Spaces
    • 11,238 Sqft
    View Details
  • Summer Commons - Memphis

    Summer Commons

    5110 - 5130 Summer Avenue, Berclair, Memphis, TN
    For Lease
    • $14/Sqft/Year
    Property
    • Retail
    • 95,159 Sqft
    Availability
    • 1 Space
    • 2,761 Sqft
    Year Built
    • 1973
    View Details
  • Commerce Park - Memphis

    Commerce Park

    4275 Winchester Rd, Parkway Village, Memphis, TN
    For Lease
    • $6/Sqft/Year
    Property
    • Industrial
    • 51,500 Sqft
    Availability
    • 2 Spaces
    • 4,500 Sqft
    Year Built
    • 1989
    View Details
  • Audubon Square Office Village - Memphis

    Audubon Square Office Village

    4735 Spottswood Avenue, Colonial, Memphis, TN
    For Lease
    • $19/Sqft/Year
    Property
    • Office
    • 12,560 Sqft
    Availability
    • 1 Space
    • 1,660 Sqft
    Year Built
    • 1983
    View Details
  • Willow Lake - Bldg 8 - Memphis

    Willow Lake - Bldg 8

    4095-4101 Willow Lake Blvd, Parkway Village, Memphis, TN
    For Lease
    • $2.85/Sqft/Year
    Property
    • Industrial
    • 75,643 Sqft
    Availability
    • 1 Space
    • 75,643 Sqft
    Year Built
    • 1989
    View Details
  • 4545 S Mendenhall Road - Memphis

    4545 S Mendenhall Road

    4545 S Mendenhall Road, Parkway Village, Memphis, TN
    For Lease
    • $6/Sqft/Year
    Property
    • Industrial
    • 52,864 Sqft
    Availability
    • 1 Space
    • 52,864 Sqft
    View Details
  • Trustmark Building - Memphis

    Trustmark Building

    5350 Poplar Ave, Brennan, Memphis, TN
    For Lease
    • $25 - $25.5/Sqft/Year
    Property
    • Office
    • 163,446 Sqft
    Availability
    • 6 Spaces
    • 33,873 Sqft
    Year Built
    • 1973
    View Details
  • 2850 Lamb Pl - Memphis

    2850 Lamb Pl

    2850 Lamb Pl, Memphis International Airport, Memphis, TN
    For Lease
    • $3.5 - $4.75/Sqft/Year
    Property
    • Flex Space
    • 100,000 Sqft
    Availability
    • 2 Spaces
    • 10,125 Sqft
    Year Built
    • 1974
    View Details

Memphis, TN Commercial Real Estate

There are currently 1,635 commercial listings available in Memphis, TN. These listings include 982 commercial spaces that encompass a total of 19,071,194 square feet. Available commercial spaces in Memphis, TN range in size from 1 square feet to 1,101,600 square feet. A total of 1,117 off-market commercial properties located in Memphis, TN are also available for research.

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Memphis, TN Commercial Real Estate Market Overview

Location Photo

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 Inventory Breakdown

In 2021 the Memphis, TN commercial real estate market totaled 30,433,448 square feet of office spaces, 112,449 square feet of office spaces with retail, and 153,716,184 square feet of industrial space.

Office Spaces

Total: 30,433,448 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 8,017,748 SqFt 26.35% of total office
100k to 500k SqFt 17,585,609 SqFt 57.78% of total office
500k to 1M SqFt 2,730,091 SqFt 8.97% of total office
> 1M SqFt 2,100,000 SqFt 6.9% of total office
By class:
Class A 9,961,222 SqFt 32.73% of total office
Class B 16,715,121 SqFt 54.92% of total office
Class C 1,735,142 SqFt 5.7% of total office
Roughly 8.97% of the total office space in Memphis, TN is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 26.35% of the office inventory.

Class A office space holds a 32.73% share of the overall Memphis, TN office market, while Class B office assets make up approximately 54.92%.

Industrial

Total: 153,716,184 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 18,870,954 SqFt 12.28% of total industrial
100k to 500k SqFt 76,092,573 SqFt 49.5% of total industrial
500k to 1M SqFt 35,532,234 SqFt 23.12% of total industrial
> 1M SqFt 23,220,423 SqFt 15.11% of total industrial
By class:
Class A 63,358,871 SqFt 41.22% of total industrial
Class B 80,600,258 SqFt 52.43% of total industrial
Class C 6,753,261 SqFt 4.39% of total industrial
There are 76,092,573 square feet of commercial real estate properties between 100k to 500k square feet, representing 49.5% of the Memphis, TN industrial inventory. Class A assets total 63,358,871 square feet of industrial space, with an additional 80,600,258 square feet of Class B and 6,753,261 square feet of Class C properties.

Office Spaces with Retail

Total: 112,449 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 112,449 SqFt 100% of total office with retail

Memphis, TN Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total Sqft
Memphis, TN Office 170 4,023,005
Memphis, TN Retail 110 794,751
Memphis, TN Industrial 176 13,110,715
Memphis, TN Other 541 19,100,854
Ofice Icon

170

Office

Industrial Icon

176

Industrial

Retail Icon

110

Retail

Current local active listing encompass 37,029,325 square feet of commercial space for lease in Memphis. There are 170 active office listings, which amount to 4,023,005 square feet and account for 17% of commercial spaces on the market. Local retail availability includes 794,751 square feet across 110 listings. Current industrial offerings on the market amount to 13,110,715 square feet across a total of 176.

Employment in Memphis, TN

Employed Population 297,579

Employed population - Industry % Distribution

Management, business, science, and arts occupations

31%

Sales and office occupations

23%

Production, transportation, and material moving occupations

21%

Service occupations

18%

Natural resources, construction, and maintenance occupations

6%

In 2019, roughly 31% of a total of 297,579 employed in Memphis worked in Management, business, science, and arts occupations, followed by 23% in Sales and office occupations and 21% in Production, transportation, and material moving occupations.

Income per capita $27,224  Median household income $43,794

Household income

56%

Under $50k

27%

$50k - $100k

13%

$100k - $200k

5%

Over $200k

The median household income in Memphis stands at $43,794, with per capita income at $27,224. Households earning between $50k and $100k represent 27% of the total, while those earning over $200k make up 5%. Approximately 56% of Memphis households earn less than $50k per year.

Commuting in Memphis, TN

Mean travel time to work 22 minutes

Means of transportation to work

82.60%

Driving alone

10.60%

Carpool

0.50%

Public transit

0.20%

Bicycle

2.10%

Walking

1.00%

Other

3.00%

Work at Home

*Universe: Workers 16 and over

Education in Memphis, TN

High school grad or higher 86%

Bachelor's degree or higher 26%

Population by minimum level of education

14%

No degree

32%

High school

29%

Some College

15%

Bachelor's

10%

Post-grad

*Universe: Workers 25 and over

An estimated 86% of Memphis residents aged 25 or over hold a high school degree or higher. Of those, 32% are high school graduates, 29% attended some college, 15% earned a bachelor's degree, with an additional 10% holding post-graduate degrees.

Memphis, TN Demographics

As of 2019, Memphis had a total population of 651,088, with a median age of 34.60 years. Roughly 65.50% of the total population was between the ages of 16 and 64 years old.

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