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.

2151-2159 Central Avenue

2151-2159 Central Avenue, Cooper - Young, Memphis, TN
Property

Retail

17,300 SF
Availability

1 Space

1,895 SF
For Lease

$32.92/SF/YR
View Details (opens in new window)
Shelby Air Park | Building 3

4650 Shelby Air Dr, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

107,563 SF
Year Built

1989
For Lease Contact for pricing
View Details (opens in new window)
Former Pritchard Brothers Plumbing Building

433 Madison Ave, Downtown Memphis, Memphis, TN
Property

Retail

4,210 SF
Availability

1 Space

4,210 SF
Year Built

1903
For Lease

$17.00/SF/YR
View Details (opens in new window)
Expandable Industrial Space for Development

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

Industrial

72,000 SF
For Sale Contact for pricing
View Details (opens in new window)
What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Industrial Land
1840 Pyramid Place
Workstyle Flexible Spaces
1840 Pyramid Place 2nd-4th Floor, Memphis, TN
Services

Private Office
Amenities

High-speed wifi

Lounge area

Office furniture

Premium coffee
View Details (opens in new window)
752 Brookhaven Circle

752 Brookhaven Circle, Brennan, Memphis, TN
Property

Office

4,822 SF
For Sale

$975,000
View Details (opens in new window)
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
View Details (opens in new window)
715 W Brookhaven Cir

715 W Brookhaven Cir, Brennan, Memphis, TN
Property

Retail

3,971 SF
Availability

1 Space

3,927 SF
Year Built

1952
For Lease Contact for pricing
View Details (opens in new window)
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
View Details (opens in new window)
710 Oakleaf Office Ln

710 Oakleaf Office Ln, Colonial, Memphis, TN
Property

Office

6,284 SF
Year Built

1984
For Sale

Subject To Offer
View Details (opens in new window)
1245 North Germantown Pkwy

1245 North Germantown Pkwy, Cordova, TN
Property

Retail

142,000 SF
Availability

2 Spaces

26,230 SF
Year Built

2000
For Lease Contact for pricing
View Details (opens in new window)
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
View Details (opens in new window)
351 Wisconsin Ave

351 Wisconsin Ave, Southside Memphis, Memphis, TN
Property

Industrial

7,458 SF
Year Built

1956
For Sale

$995,000
View Details (opens in new window)
Moriah Woods Office Park

1780 Moriah Woods Blvd, Colonial, Memphis, TN
Property

Office

155,138 SF
Availability

9 Spaces

43,393 SF
Year Built

1989
For Lease Contact for pricing
View Details (opens in new window)
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
View Details (opens in new window)
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
View Details (opens in new window)
Farrisview Industrial Park - Building 1

2815 Farrisview Blvd building 1, Memphis International Airport, Memphis, TN
Property

Office
Availability

1 Space

24,975 SF
Year Built

1978
For Lease Contact for pricing
View Details (opens in new window)
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
View Details (opens in new window)
5465 Fox Plaza Dr

5465 Fox Plaza Dr, Fox Meadows, Memphis, TN
Property

Retail

6,624 SF
Availability

1 Space

6,624 SF
Year Built

1974
For Lease Contact for pricing
View Details (opens in new window)
Ridgeway Center - 5900 Poplar Avenue, 5865 & 5885 Ridgeway Center Pkwy

5900 Poplar Avenue, River Oaks, Memphis, TN
Property

Office

137,306 SF
Availability

14 Spaces

40,203 SF
Year Built

1973
For Lease Contact for pricing
View Details (opens in new window)
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
View Details (opens in new window)
Southwind Office Center - 8245 Tournament Drive

8245 Tournament Drive, Windyke - Southwind, Memphis, TN
Property

Office

62,179 SF
Availability

6 Spaces

13,039 SF
Year Built

1991
For Lease

$21.00/SF/YR
View Details (opens in new window)
2183-2185 Young Avenue

2183-2185 Young Avenue, Cooper - Young, Memphis, TN
Property

Retail

4,888 SF
For Sale

Subject To Offer
View Details (opens in new window)
29,508± SF Industrial Building on 3.0± AC

3569 Air Park St, Parkway Village, Memphis, TN
Property

Other
Availability

1 Space

29,508 SF
For Lease Contact for pricing
View Details (opens in new window)
Horizon Business Center - Building 30

2565 Horizon Lake Drive, Cordova, Bartlett, TN
Property

Office
Availability

1 Space

14,553 SF
Year Built

1990
For Lease Contact for pricing
View Details (opens in new window)
7859 U.S. 64

7859 U.S. 64, Cordova, Memphis, TN
Property

Office

48,403 SF
Availability

1 Space

48,430 SF
For Lease

$5.50/SF/YR
View Details (opens in new window)
3,142± SF Office Availability - Convenient to Poplar Ave.

670 Oakleaf Office Ln, Colonial, Memphis, TN
Property

Office

3,142 SF
Year Built

1987
For Sale Contact for pricing
View Details (opens in new window)
700 Colonial Road

700 Colonial Road, Colonial, Memphis, TN
Property

Office

46,636 SF
Availability

1 Space

5,918 SF
Year Built

1986
For Lease Contact for pricing
View Details (opens in new window)
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
View Details (opens in new window)
PeachTree Center

6135 Mount Moriah Road Ext, Hickory Hill, Memphis, TN
Property

Retail

22,853 SF
Availability

4 Spaces

7,520 SF
Year Built

1989
For Lease Contact for pricing
View Details (opens in new window)
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
View Details (opens in new window)
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
View Details (opens in new window)
691 Doctor Martin Luther King Junior Avenue

691 Doctor Martin Luther King Junior Avenue, Downtown Memphis, Memphis, TN
Property

Industrial

11,288 SF
Availability

1 Space

11,288 SF
For Lease Contact for pricing
View Details (opens in new window)
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
View Details (opens in new window)
1,674 - 18,485 SF Available in Nonconnah Corporate Center in Memphis

1980 Nonconnah Blvd., Whitehaven, Memphis, TN
Property

Office
Availability

1 Space

18,485 SF
For Lease Contact for pricing
View Details (opens in new window)
855 Ridge Lake Office Building

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

Office
Availability

1 Space

23,273 SF
Year Built

1973
For Lease Contact for pricing
View Details (opens in new window)
Southwind Office Center - 8295 Tournament Drive

8295 Tournament Drive, Windyke - Southwind, Memphis, TN
Property

Office

64,129 SF
Availability

2 Spaces

17,558 SF
Year Built

1999
For Lease

$21.00/SF/YR
View Details (opens in new window)
1715 Cherokee Blvd

1715 Cherokee Blvd, Bethel Grove, Memphis, TN
Property

Industrial

10,044 SF
Availability

1 Space

10,044 SF
Year Built

1986
For Lease

$5.75/SF/YR
View Details (opens in new window)
3685 Cherry Rd

3685 Cherry Rd, Parkway Village, Memphis, TN
Property

Industrial

5,705 SF
Availability

1 Space

5,700 SF
Year Built

1990
For Lease

$12.00/SF/YR
View Details (opens in new window)
Ridgeway Center - Marsh Center

1000 Ridgeway Loop Road, River Oaks, Memphis, TN
Property

Office

155,000 SF
Availability

2 Spaces

10,241 SF
Year Built

1995
For Lease Contact for pricing
View Details (opens in new window)
Ridgeway Center - 999 Shady Grove

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

Office

155,000 SF
Availability

4 Spaces

27,577 SF
Year Built

2008
For Lease Contact for pricing
View Details (opens in new window)
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
View Details (opens in new window)
6189 E Shelby Dr

6189 E Shelby Dr, Parkway Village, Memphis, TN
Property

Office

6,089 SF
Year Built

1978
For Sale

Subject To Offer
View Details (opens in new window)
Women's Hospital Physicians Office Building

6215 Humphreys Blvd, River Oaks, Memphis, TN
Property

Office

85,874 SF
Availability

1 Space

8,140 SF
Year Built

2001
For Lease Contact for pricing
View Details (opens in new window)
670 S 4th St

670 S 4th St, Downtown Memphis, Memphis, TN
Property

VacantLand

65,092 SF
Year Built

1974
For Sale

Subject To Offer
View Details (opens in new window)
88 Union Center

88 Union Avenue, Downtown Memphis, Memphis, TN
Property

Office

83,675 SF
Availability

9 Spaces

33,979 SF
Year Built

1927
For Lease

$15.50/SF/YR
View Details (opens in new window)
6.82± Acres IOS Property Available

4505 Malone Rd, Parkway Village, Memphis, TN
Property

Other
Availability

1 Space

6.82 Acre
For Lease Contact for pricing
View Details (opens in new window)
37,500± SF Warehouse Space in Memphis

3570 Winchester Rd, Oakville, Memphis, TN
Property

Industrial
Availability

1 Space

24,800 SF
For Lease Contact for pricing
View Details (opens in new window)
Shops at Kirby Gate

2857 Kirby Parkway, Bal - Moral, Memphis, TN
Property

Retail

42,417 SF
Availability

3 Spaces

8,657 SF
For Lease Contact for pricing
View Details (opens in new window)
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
View Details (opens in new window)
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
View Details (opens in new window)
Highland Row

521-529 S Highland Street, Chickasaw Gardens, Memphis, TN
Property

Retail

17,940 SF
Availability

2 Spaces

3,509 SF
For Lease Contact for pricing
View Details (opens in new window)

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

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us