Memphis, TN Commercial Real Estate for Lease and Sale

Explore 544 listings of Memphis commercial real estate to find the best space for your business.

Austin Peay Plaza

3260 Austin Peay Hwy, Raleigh, Memphis, TN
Property

Retail

50,597 SF
Availability

1 Space

50,597 SF
For Lease Contact for pricing
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Chickasaw Distribution Center - Building A

5950 Freeport Avenue, Parkway Village, Memphis, TN
Property

Industrial

108,250 SF
Availability

1 Space

32,934 SF
Year Built

2000
For Lease Contact for pricing
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2565 Elvis Presley Blvd

2565 Elvis Presley Blvd, Alcy - Dunn, Memphis, TN
Property

VacantLand

5.84 Acre
Availability

1 Space

5.84 Acre
For Lease Contact for pricing
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2546 Frisco Avenue

2546 Frisco Ave, Bethel Grove, Memphis, TN
Property

VacantLand

18.33 Acre
For Sale

$2,150,000
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Office Coworking Retail Industrial

Office Retail Industrial Land
3502 Summer Ave

3502 Summer Ave, Highland Heights, Memphis, TN
Property

Retail

14,490 SF
Availability

1 Space

14,490 SF
Year Built

2003
For Lease

$145.00/SF/YR
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East Memphis Medical Office Suite for Lease

1068 Cresthaven Rd, Eastgate, Memphis, TN
Property

Office
Availability

1 Space

1,805 SF
For Lease Contact for pricing
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835 S Bellevue Blvd

835 S Bellevue Blvd, Med District, Memphis, TN
Property

Industrial

136,800 SF
For Sale Contact for pricing
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.878 AC Next to Kroger Available for Sale

0 Macon Rd., Cordova, TN
Property

Retail

0.88 Acre
For Sale Contact for pricing
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802 Rozelle Street

802 Rozelle Street, Med District, Memphis, TN
Property

Industrial

35,779 SF
Availability

6 Spaces

27,485 SF
Year Built

1938
For Lease Contact for pricing
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East Raines Rd. / Clark Rd.

East Raines Rd. / Clark Rd., Parkway Village, Memphis, TN
Property

VacantLand

11.06 Acre
For Sale Contact for pricing
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568 Poplar Avenue

568 Poplar Avenue, Uptown Memphis, Memphis, TN
Property

Retail

8,560 SF
Availability

1 Space

8,560 SF
For Lease Contact for pricing
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1735 Florida St

1735 Florida St, Riverside, Memphis, TN
Property

Industrial

19,214 SF
Year Built

1948
For Sale

$275,000
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3231 PAUL R LOWRY RD

3231 PAUL R LOWRY RD, South - West Memphis, Memphis, TN
Property

VacantLand

135.51 Acre
Availability

1 Space

135.51 Acre
For Lease Contact for pricing
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Austin Peay Hwy.

Austin Peay Hwy., Raleigh, Memphis, TN
Property

Unassigned
For Sale Contact for pricing
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806 Poplar Ave

806 Poplar Ave, Uptown Memphis, Memphis, TN
Property

VacantLand

0.38 Acre
For Sale Contact for pricing
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2912 Coleman Rd

2912 Coleman Rd, Raleigh, Memphis, TN
Property

Retail

8,048 SF
Availability

1 Space

8,048 SF
Year Built

2002
For Lease Contact for pricing
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3657 Old Getwell Road

3657 Old Getwell Road, Oakhaven, Memphis, TN
Property

Industrial

34,278 SF
Year Built

1972
For Sale

$4,420,000
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Kirby Pkwy & Quince Rd

Kirby Pkwy & Quince Rd, Bal - Moral, Memphis, TN
Property

VacantLand

29 Acre
For Sale Contact for pricing
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640 N Third St

640 N 3rd St, Uptown Memphis, Memphis, TN
Property

Other

700 SF
Availability Contact for availability

For Lease Contact for pricing
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The Memphis Depot - Building 249

2129 Troyer Avenue, Alcy - Dunn, Memphis, TN
Property

Industrial
Availability Contact for availability
Year Built

1950
For Lease Contact for pricing
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Sanderlin Shopping Center

5101 Sanderlin Rd, Brennan, Memphis, TN
Property

Retail

49,293 SF
Availability

1 Space

2,507 SF
Year Built

1989
For Lease Contact for pricing
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3736 New Getwell Road

3736 New Getwell Road, Parkway Village, Memphis, TN
Property

Industrial

81,432 SF
Availability

2 Spaces

80,010 SF
Year Built

1966
For Lease Contact for pricing
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4067 New Getwell Rd

4067 New Getwell Rd, Oakhaven, Memphis, TN
Property

Industrial

26,000 SF
For Sale Contact for pricing
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4251 Pidgeon Roost Road

4251 Pidgeon Roost Road, Parkway Village, Memphis, TN
Property

Industrial

3,999 SF
For Sale

$267,675
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6100 Global Drive

6100 Global Drive, Parkway Village, Memphis, TN
Property

Industrial

105,848 SF
Availability

1 Space

105,848 SF
Year Built

2008
For Lease

$4.95/SF/YR
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00 R LOWRY RD

00 R LOWRY RD, Hickory Hill, Memphis, TN
Property

VacantLand

582 Acre
For Sale Contact for pricing
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4120 Air Trans Road

4120 Air Trans Road, Parkway Village, Memphis, TN
Property

Industrial

224,749 SF
Availability

1 Space

20,000 SF
Year Built

1979
For Lease Contact for pricing
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3456 Meyers Road

3456 Meyers Road, Douglass, Memphis, TN
Property

Industrial

1,474,183 SF
Availability

11 Spaces

1,146,574 SF
Year Built

1973
For Lease Contact for pricing
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1685 Germantown Pkwy

1685 Germantown Pkwy, Cordova, Memphis, TN
Property

Retail

3,126 SF
Availability

1 Space

3,126 SF
Year Built

1998
For Lease Contact for pricing
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2.5± Acres IOS Property Available in Memphis

1911 E Brooks Rd, Whitehaven, Memphis, TN
Property

Industrial
Availability

1 Space

2.5 Acre
For Lease Contact for pricing
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1199 Thomas Street

1199 Thomas Street, Industrial Area, Memphis, TN
Property

Industrial

109,340 SF
Availability

1 Space

19,200 SF
Year Built

1938
For Lease

$4.75/SF/YR
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597 Beale Street - 5.49 Acres Available

597 Beale St, Downtown Memphis, Memphis, TN
Property

Other
For Sale

$2,900,000
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3233 Elvis Presley Blvd

3233 Elvis Presley Blvd, Whitehaven, Memphis, TN
Property

VacantLand

0.93 Acre
Availability

1 Space

0.93 Acre
For Lease Contact for pricing
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2486 Poplar Ave

2486 Poplar Ave, Binghampton, Memphis, TN
Property

VacantLand

0.89 Acre
Availability

1 Space

0.89 Acre
Year Built

1982
For Lease Contact for pricing
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Elvis Presley & Shelby Drive

Elvis Presley & Shelby Drive, Whitehaven, Memphis, TN
Property

VacantLand

0.61 Acre
Availability

1 Space

0.61 Acre
For Lease Contact for pricing
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Jack Carley Causeway / Trigg

Jack Carley Causeway & W Trigg Ave, Southgate, Memphis, TN
Property

VacantLand

7.75 Acre
Availability

1 Space

7.75 Acre
For Lease Contact for pricing
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Memphis Distribution Center - Building K

5625 Challenge Drive, Hickory Hill, Memphis, TN
Property

Industrial

592,766 SF
Availability

1 Space

461,573 SF
Year Built

1998
For Lease Contact for pricing
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1214 Overton Park Ave

1214 Overton Park Ave, Med District, Memphis, TN
Property

Office

12,600 SF
Availability

1 Space

900 SF
For Lease Contact for pricing
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5625-5653 E Shelby Dr

5625-5653 E Shelby Dr, Parkway Village, Memphis, TN
Property

Industrial

38,400 SF
Availability

1 Space

19,200 SF
For Lease Contact for pricing
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549 S Pkwy E

549 S Pkwy E, Southside Memphis, Memphis, TN
Property

VacantLand

0.4 Acre
For Sale

$350,000
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2.41± Storage / Trailer Parking Opportunity in Memphis

500 Winchester Rd, Whitehaven, Memphis, TN
Property

Industrial

630 SF
For Sale Contact for pricing
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4791 Burbank Road

4791 Burbank Road, Parkway Village, Memphis, TN
Property

Industrial

132,192 SF
Availability

1 Space

37,500 SF
Year Built

1972
For Lease Contact for pricing
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2303 Democrat Road

2303 Democrat Road, Memphis International Airport, Memphis, TN
Property

VacantLand

8.3 Acre
Availability

1 Space

8.3 Acre
For Lease Contact for pricing
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2541 Warford Street

2541 Warford Street, Frayser, Memphis, TN
Property

VacantLand

15.7 SF
For Sale Contact for pricing
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Memphis Logistics & Technology Center - 5400 Meltech Blvd

5400 Meltech Blvd, Oakhaven, Memphis, TN
Property

Industrial

201,383 SF
Availability

1 Space

30,000 SF
Year Built

2001
For Lease Contact for pricing
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Austin Peay Highway and Egypt Central Rd

Austin Peay Highway and Egypt Central Rd, Raleigh, Memphis, TN
Property

VacantLand

14.85 Acre
For Sale Contact for pricing
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2555 Elvis Presley Blvd

2555 Elvis Presley Blvd, Alcy - Dunn, Memphis, TN
Property

Retail

12,611 SF
Availability

1 Space

12,611 SF
Year Built

1967
For Lease

$3,500.00/MO
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Germantown Parkway Medical Center

8035 Club Pkwy, Cordova, TN
Property

Office

20,825 SF
Availability

2 Spaces

4,952 SF
Year Built

1992
For Lease Contact for pricing
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Minglewood Plaza

1553 Madison Avenue, Midtown Memphis, Memphis, TN
Property

Retail

63,750 SF
Availability

5 Spaces

11,829 SF
Year Built

1938
For Lease Contact for pricing
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1690 Latham St.

1690 Latham St., Southside Memphis, Memphis, TN
Property

VacantLand

2.16 Acre
For Sale

$86,400
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4795 Imagination Drive

4795 Imagination Drive, Parkway Village, Memphis, TN
Property

Industrial

648,000 SF
Availability

1 Space

647,900 SF
Year Built

1997
For Lease Contact for pricing
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Holmes Rd

Holmes Rd, Coro Lake, Memphis, TN
Property

VacantLand
For Sale

$249,000
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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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