Memphis, TN Commercial Real Estate for Lease and Sale

Explore 549 listings of Memphis commercial real estate to find the best space for your business.

4200 Lamar

4200 Lamar, Parkway Village, Memphis, TN
Property

Industrial

3,600 SF
Availability

1 Space

2,145 SF
For Lease

$7.83/SF/YR
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Development Opportunity in Midtown Memphis Medical District

1308 Union Ave, Med District, Memphis, TN
Property

Retail

1,400 SF
For Sale

$1,500,000
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Heavy Industrial President’s Island - Memphis

2401 Harbor Ave, South - West Memphis, Memphis, TN
Property

Industrial
Availability

1 Space

70,000 SF
For Lease Contact for pricing
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Holiday Inn Express & Suites Memphis Southwind

4068 Stansell Ct, South Riverdale, Memphis, TN
Property

Other

33,584 SF
Year Built

2003
For Sale

Subject To Offer
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Office Coworking Retail Industrial

Office Retail Industrial Land
Former Backyard Burger | Kroger Adjacent | 44K VPD | 2 Drive Thrus

1723 Union Ave, Central Gardens, Memphis, TN
Property

Retail

834 SF
Year Built

1994
For Sale Contact for pricing
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PRIME SITE FOR FUTURE DEVELOPMENT

0 English Towne Dr., Raleigh, Memphis, TN
Property

Office
For Sale Contact for pricing
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158-164 Madison Ave

158-164 Madison Ave, Downtown Memphis, Memphis, TN
Property

Retail

93,613 SF
Year Built

1961
For Sale

Subject To Offer
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2690 Kirby Whitten Rd

2690 Kirby Whitten Rd, Cordova, Memphis, TN
Property

Retail

7,936 SF
Availability

1 Space

1,500 SF
Year Built

2016
For Lease Contact for pricing
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Quince Station

5121 Quince Road, Eastgate, Memphis, TN
Property

Retail

95,454 SF
Availability

4 Spaces

15,121 SF
For Lease Contact for pricing
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Forum II

1790 Kirby Pkwy, River Oaks, Memphis, TN
Property

Office

177,839 SF
Availability

3 Spaces

32,658 SF
Year Built

1985
For Lease

$25.00/SF/YR
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Dexter Lakes

1645 North Germantown Parkway, Cordova, Memphis, TN
Property

Office

6,666 SF
Availability

1 Space

3,270 SF
For Lease Contact for pricing
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3569 Summer Ave

3569 Summer Ave, High Point Terrace, Memphis, TN
Property

Office

4,152 SF
Availability

1 Space

4,953 SF
Year Built

1959
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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Trustmark Centre

5350 Poplar Avenue, Brennan, Memphis, TN
Property

Office

164,873 SF
Availability

3 Spaces

18,468 SF
Year Built

1973
For Lease

$20.00/SF/YR
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294 N Cleveland

294 N Cleveland, Med District, Memphis, TN
Property

Retail

1,000 SF
Availability

2 Spaces

5,895 SF
For Lease

$12.01 - $15.00/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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8079 Trinity Rd

8079 Trinity Rd, Cordova, TN
Property

Retail

837 SF
Availability

1 Space

837 SF
For Lease Contact for pricing
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3865 Winchester Rd

3865 Winchester Rd, Oakhaven, Memphis, TN
Property

Office

15,768 SF
Availability

1 Space

2,400 SF
Year Built

1986
For Lease

$2,600.00/MO
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Triad Centre I
Regus
6000 Poplar Avenue #250, Memphis, TN
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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Available Sublease 2,000 SF on Poplar Avenue

6515 Poplar Ave, Bal - Moral, Memphis, TN
Property

Office
Availability

1 Space

2,000 SF
For Lease Contact for pricing
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Shelby Oaks Corporate Park | Building 3

1657 N Shelby Oaks Dr, Meadow Brook, Memphis, TN
Property

Industrial
Availability

1 Space

9,375 SF
Year Built

1999
For Lease Contact for pricing
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Retail development site on the Highland Strip

559 S Highland St | Memphis, Chickasaw Gardens, Memphis, TN
Property

Other
For Sale

$325,000
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Airport Distribution Center #20

4132-4180 New Getwell Road, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

9,421 SF
Year Built

1979
For Lease Contact for pricing
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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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Grove Park Center

4515 Poplar Avenue, Audubon, Memphis, TN
Property

Office

59,711 SF
Availability

1 Space

5,023 SF
Year Built

1962
For Lease Contact for pricing
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Freestanding Retail

3544 Covington Pike, Raleigh, Memphis, TN
Property

Retail

8,000 SF
For Sale Contact for pricing
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Forum III

1770 Kirby Pkwy, River Oaks, Memphis, TN
Property

Office

177,839 SF
Availability

5 Spaces

32,052 SF
Year Built

1985
For Lease

$25.00/SF/YR
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Southwind Office Center
Regus
8295 Tournament Drive #150, Memphis, TN
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
View Details (opens in new window)
Triad Centre I

6000 Poplar Avenue, River Oaks, Memphis, TN
Property

Office

132,495 SF
Availability

1 Space

1,375 SF
Year Built

1986
For Lease Contact for pricing
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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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One Memphis Place

200 Jefferson Avenue, Downtown Memphis, Memphis, TN
Property

Office

204,704 SF
Availability

4 Spaces

5,229 SF
Year Built

1984
For Lease

$22.00/SF/YR
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Champion Hills Office Building

3725 Champion Hills Drive, Windyke - Southwind, Memphis, TN
Property

Office

78,688 SF
Availability

4 Spaces

21,695 SF
Year Built

2001
For Lease Contact for pricing
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3717 Summer Ave

3717 Summer Ave, High Point Terrace, Memphis, TN
Property

Retail

2,714 SF
Year Built

1979
For Sale

Subject To Offer
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Forum I

6750 Poplar Avenue, River Oaks, Germantown, TN
Property

Office

162,529 SF
Availability

10 Spaces

21,811 SF
Year Built

1983
For Lease

$26.50/SF/YR
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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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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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Oak Court Office Building

530 Oak Court Drive, Audubon, Memphis, TN
Property

Office

125,239 SF
Availability

11 Spaces

63,305 SF
Year Built

1988
For Lease

$24.00/SF/YR
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Primacy III

6060 Primacy Pkwy, Bal - Moral, Memphis, TN
Property

Office

130,783 SF
Availability

1 Space

34,923 SF
Year Built

1983
For Lease Contact for pricing
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752 Brookhaven Circle

752 Brookhaven Circle, Brennan, Memphis, TN
Property

Office

4,822 SF
For Sale

$975,000
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11,100± SF / 1.85± AC Industrial Availability in Memphis

287 E Brooks Rd, Whitehaven, Memphis, TN
Property

Industrial
Availability

1 Space

11,100 SF
For Lease Contact for pricing
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Thousand Oaks Business Center - 2650 Thousand Oaks Blvd

2650 Thousand Oaks Blvd, Colonial, Memphis, TN
Property

Office

182,850 SF
Availability

16 Spaces

87,297 SF
Year Built

1985
For Lease

$16.50/SF/YR
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Memphis IOS Opportunity 29,500± SF on 4.11± Acres

1555 3 Pl, Whitehaven, Memphis, TN
Property

Industrial
Availability

1 Space

29,500 SF
For Lease Contact for pricing
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5,188 - 25,268 SF Available at 1785 Nonconnah Blvd.

2731-2741 Nonconnah Blvd, Whitehaven, Memphis, TN
Property

Industrial
Availability

1 Space

25,268 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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18,000 to 35,524 SF available

3930 E Raines Road | Memphis, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

35,524 SF
Year Built

1970
For Lease Contact for pricing
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1507-1549 Two Place

1507-1549 Two Place, Whitehaven, Memphis, TN
Property

Industrial

57,750 SF
Availability

1 Space

57,750 SF
Year Built

1977
For Lease Contact for pricing
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Cubework Memphis

4444 Delp Street, Parkway Village, Memphis, TN
Property

Industrial

94,500 SF
Availability

2 Spaces

91,560 SF
Year Built

1974
For Lease Contact for pricing
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100± Door Truck Terminal - 1803 Brooks Rd., Memphis

1803 E Brooks Rd, Whitehaven, Memphis, TN
Property

Industrial
Availability

1 Space

42,000 SF
For Lease Contact for pricing
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28,700± SF Industrial/ Flex Building Sale or Lease

4940 Pleasant Hill Rd, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

28,700 SF
Year Built

1992
For Lease Contact for pricing
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Southwind Office Center - 3350 Players Club Pkwy

3350 Players Club Pkwy, Windyke - Southwind, Memphis, TN
Property

Office

80,806 SF
Availability

10 Spaces

51,020 SF
Year Built

2000
For Lease

$21.00/SF/YR
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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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Senator Street Distribution - 4179-4189 Senator Street

4183 Senator St, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

16,496 SF
Year Built

1981
For Lease 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 10,803,259 square feet of office space across 155 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 4,311,270 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 1,137,598,505 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 18,230,505 square feet of available listings. Office space available in Memphis adds up to 3,803,643 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 $17.43 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 $4.41 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 River Oaks 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 $25.29 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 96,458 square feet.
Retail properties here incorporate an average of 42,268 square feet.
Industrial space in Memphis is in buildings that are, on average 10,248,636 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 76,179,611 square feet. The market offers 132 active office listing(s), which amount to 3,897,806 square feet and account for 35% of commercial spaces on the market. Local retail availability includes 834,712 square feet across 82 retail space(s). Industrial space for rent opportunities in Memphis amount to 18,089,408 square feet across a total of 136 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	132	3,897,806
Retail	82	834,712
Industrial	136	18,089,408
Other	27	53,357,685

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 3,078,882 square feet of commercial property for sale here , which includes 22 office building(s) for sale , 30 retail investment opportunity listing(s) , and 32 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	22	588,143
Retail	30	263,926
Industrial	32	1,803,945
Other	67	422,867

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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