Memphis, TN Commercial Real Estate for Lease and Sale

Explore 550 listings of Memphis commercial real estate to find the best space for your business.

Expandable Industrial Space for Development

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

Industrial

72,000 SF
For Sale Contact for pricing
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Ridgeway Business Center
Ridgeway Business Center
5865 Ridgeway Center Parkway, Memphis, TN
Services

Virtual Office

Private Office
Amenities

Comfortable chairs

Complimentary coffee & tea

High-speed wifi

Mail services

Receptionist/Secretarial services

TV/Monitor

White boards
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45,250± SF Industrial Availability in Memphis

2949 Norbrook Dr, Whitehaven, Memphis, TN
Property

Industrial
Availability

1 Space

45,250 SF
For Lease Contact for pricing
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Physicians Plaza of Bartlett

7865 Educators Lane, Cordova, Memphis, TN
Property

Office

29,874 SF
Availability

3 Spaces

23,179 SF
Year Built

2004
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
Retail site walking distance from University of Memphis

707 S Highland St | Memphis, Normal Station, Memphis, TN
Property

Retail

5,557 SF
Year Built

1965
For Sale

$525,000
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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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The Memphis Depot - Building 265

2241 Truitt St, Alcy - Dunn, Memphis, TN
Property

Industrial
Availability

1 Space

4,107 SF
Year Built

1950
For Lease Contact for pricing
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Ridgeway Center - 775 Ridge Lake Blvd

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

Office

121,058 SF
Availability

5 Spaces

33,253 SF
Year Built

2001
For Lease Contact for pricing
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Southwind Office Center - 8275 Tournament Drive

8275 Tournament Drive, Windyke - Southwind, Memphis, TN
Property

Office

61,860 SF
Availability

4 Spaces

13,354 SF
Year Built

1989
For Lease

$21.00/SF/YR
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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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Farrisview Industrial Park - Building 3

2867 Farrisview Blvd, Memphis International Airport, Memphis, TN
Property

Industrial
Availability

1 Space

12,500 SF
Year Built

1966
For Lease 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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Freestanding 7,307± SF Building Established Retail Corridor - Memphis

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

Retail

7,307 SF
Year Built

2004
For Sale

$1,975,000
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3,565 & 4,466 SF Available at 1785 Nonconnah Blvd.

2005 Nonconnah Blvd., Whitehaven, Memphis, TN
Property

Office
Availability

1 Space

4,466 SF
For Lease Contact for pricing
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South Pointe Business Park

3615 S Goodlett St, Parkway Village, Memphis, TN
Property

Industrial

20,050 SF
Availability

1 Space

2,200 SF
Year Built

1989
For Lease

$8.18/SF/YR
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152 Beale Street

152 Beale Street, Downtown Memphis, Memphis, TN
Property

Retail

14,137 SF
For Sale

Subject To Offer
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1556 Union Ave

1556 Union Ave, Midtown Memphis, Memphis, TN
Property

Retail

8,900 SF
Availability

2 Spaces

4,100 SF
For Lease Contact for pricing
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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
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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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Colonnade

1661 International Drive, River Oaks, Memphis, TN
Property

Office
Availability

1 Space

3,350 SF
Year Built

1998
For Lease Contact for pricing
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Southwind Office Center - 3340 Players Club Pkwy

3340 Players Club Pkwy, Windyke - Southwind, Memphis, TN
Property

Office

80,806 SF
Availability

1 Space

13,654 SF
Year Built

2001
For Lease

$21.00/SF/YR
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150 Peabody Place

150 Peabody Place, Downtown Memphis, Memphis, TN
Property

Office

322,000 SF
Availability

3 Spaces

82,030 SF
For Lease Contact for pricing
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Primacy I

6077 Primacy Pkwy, Bal - Moral, Memphis, TN
Property

Office

124,000 SF
Availability

3 Spaces

8,331 SF
Year Built

1981
For Lease Contact for pricing
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The Campus at Forest Hill

3839 Forest Hill Irene Rd, Windyke - Southwind, Memphis, TN
Property

Office

73,144 SF
Availability

1 Space

52,484 SF
Year Built

1997
For Lease Contact for pricing
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3.75± AC Fenced, Gravel Drop Lot

4300 Air Trans Rd, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

3.75 Acre
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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Shops at Rock Creek

2362-2382 North Germantown Parkway Cordova TN, Cordova, Memphis, TN
Property

Retail

61,333 SF
Availability

1 Space

7,000 SF
Year Built

2006
For Lease

$16.00/SF/YR
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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
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Primacy II

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

Office

123,265 SF
Availability

7 Spaces

40,519 SF
Year Built

1981
For Lease

$21.00/SF/YR
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Fountain Place

5400 Poplar Avenue, Brennan, Memphis, TN
Property

Office

42,535 SF
Availability

1 Space

9,000 SF
Year Built

1984
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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Kirby Medical Office Building

1727 Kirby Pkwy, River Oaks, Memphis, TN
Property

Office
Availability

1 Space

17,775 SF
Year Built

1984
For Lease Contact for pricing
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Shelby Oaks Complex III

5775 Summer Trees Drive, Meadow Brook, Memphis, TN
Property

Office

56,444 SF
Availability

1 Space

36,250 SF
Year Built

1979
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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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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26 S Main St

26 S Main St, Downtown Memphis, Memphis, TN
Property

Retail

14,900 SF
Year Built

1910
For Sale

Subject To Offer
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TRUCK PARKING | OUTDOOR STORAGE FOR LEASE IN MEMPHIS

5178 Citation Dr, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

9 Acre
For Lease Contact for pricing
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Higginbotham Insurance Building

2670 Union Ave Extended, Binghampton, Memphis, TN
Property

Office
Availability

1 Space

8,600 SF
Year Built

1975
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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7275 Goodlett Farms Pkwy

7275 Goodlett Farms Pkwy, Cordova, TN
Property

Office

50,518 SF
Availability

1 Space

50,504 SF
Year Built

1997
For Lease Contact for pricing
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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
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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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Perimeter Point Business Park

5115 Covington Way, Raleigh, Memphis, TN
Property

Office

142,000 SF
Availability

1 Space

24,650 SF
Year Built

1987
For Lease Contact for pricing
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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
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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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705 South Main Street

705 South Main Street, Downtown Memphis, Memphis, TN
Property

VacantLand
For Sale

Subject To Offer
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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
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6696 Poplar Avenue

6696 Poplar Avenue, River Oaks, Memphis, TN
Property

Retail

5,763 SF
Availability

1 Space

3,305 SF
For Lease

$25.00/SF/YR
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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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Apple Orchard Office Plaza

6061 - 6077 Apple Tree Dr, Hickory Hill, Memphis, TN
Property

Office

20,000 SF
Availability

1 Space

1,075 SF
Year Built

1990
For Lease

$10.60/SF/YR
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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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Kirby Gate Office Building

2900 Kirby Road, Bal - Moral, Memphis, TN
Property

Office

26,321 SF
Availability

1 Space

3,000 SF
Year Built

1988
For Lease

$22.00/SF/YR
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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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