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.

Courtyard Memphis East/Bill Morris Parkway

3076 Kirby Pkwy, Hickory Hill, Memphis, TN
Property

Other

34,536 SF
Year Built

1998
For Sale

Subject To Offer
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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
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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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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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Office Coworking Retail Industrial

Office Retail Industrial Land
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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5681 Mt Moriah

5681 Mt Moriah, Fox Meadows, Memphis, TN
Property

Retail

7,188 SF
Availability

2 Spaces

3,988 SF
For Lease

$11.72 - $12.50/SF/YR
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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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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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1,980± SF Medical/Office on Poplar Ave. for Sublease

2900 Kirby Pkwy ste 11, Bal - Moral, Memphis, TN
Property

Other
Availability

1 Space

2,130 SF
For Lease Contact for pricing
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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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The Memphis Depot - Building 270

2245 Truitt Street, Alcy - Dunn, Memphis, TN
Property

Industrial
Availability

1 Space

14,080 SF
Year Built

1942
For Lease Contact for pricing
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Kirby Gate Land

Quince Rd, Bal - Moral, Memphis, TN
Property

VacantLand
For Sale

Subject To Offer
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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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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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Lenox Park - 6750 Lenox Center Court

6750 Lenox Center Court, Hickory Hill, Memphis, TN
Property

Office

100,000 SF
Availability

4 Spaces

28,777 SF
Year Built

1999
For Lease

$19.50/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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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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9.3 Acres - light Industrial

3920 Outland Rd, Parkway Village, Memphis, TN
Property

Industrial

9.3 Acre
For Sale Contact for pricing
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Forum II Office East Memphis

1790 Kirby Pkwy, River Oaks, Memphis, TN
Property

Office
Availability

1 Space

5,556 SF
For Lease Contact for pricing
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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
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Heavy Industrial President’s Island - Memphis

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

Industrial

70,000 SF
For Sale Contact for pricing
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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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1562 Two Place

1562 Two Place, Whitehaven, Memphis, TN
Property

Industrial

70,342 SF
Availability Contact for availability
Year Built

1977
For Lease Contact for pricing
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Shelby Oaks Corporate Park - 5,625 SF Available

1687 N Shelby Oaks Dr, Meadow Brook, Memphis, TN
Property

Other
Availability

1 Space

5,625 SF
For Lease Contact for pricing
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5545 Murray Avenue

5545 Murray Avenue, Eastgate, Memphis, TN
Property

Office

26,976 SF
Availability

1 Space

937 SF
Year Built

1974
For Lease Contact for pricing
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Kirby Gate Business Center

2715-2725 Kirby Road, Bal - Moral, Memphis, TN
Property

Office
Availability

1 Space

17,704 SF
Year Built

2001
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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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
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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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122 Gayoso Avenue

122 Gayoso Avenue, Downtown Memphis, Memphis, TN
Property

Retail

2,755 SF
Availability

1 Space

2,755 SF
For Lease Contact for pricing
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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
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Shelby Square

6990 East Shelby Drive, Hickory Hill, Memphis, TN
Property

Retail

145,073 SF
Availability

3 Spaces

8,835 SF
Year Built

1989
For Lease Contact for pricing
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Northside Square

1212 Vollintine Ave., Vollintine, Memphis, TN
Property

Office

163,728 SF
Availability

3 Spaces

169,017 SF
For Lease Contact for pricing
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2 Availabilities - 7005 Appling Farms Parkway | Cordova, Tennessee

7005 Appling Farms Pkwy, Cordova, Memphis, TN
Property

Industrial
Availability

1 Space

12,000 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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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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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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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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6170 Macon Rd, Memphis, TN

6170 Macon Rd, Shelby Farms Park, Memphis, TN
Property

Retail

89,045 SF
Availability

3 Spaces

15,300 SF
Year Built

1986
For Lease Contact for pricing
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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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Truck Parking | Drop Lot | Industrial Outdoor Storage

2731 Airways Blvd, Whitehaven, Memphis, TN
Property

Other
Availability

1 Space

0.7 Acre
For Lease Contact for pricing
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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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2,317± - 5,551 SF Available at 1785 Nonconnah Blvd.

2605 Corporate Ave, Whitehaven, Memphis, TN
Property

Office
Availability

1 Space

5,550 SF
For Lease Contact for pricing
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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
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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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Pembroke Square

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

Office

174,597 SF
Availability

4 Spaces

20,418 SF
Year Built

1924
For Lease

$18.50/SF/YR
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Hobson Building

5384 Poplar Avenue, Brennan, Memphis, TN
Property

Office

66,097 SF
Availability

5 Spaces

14,617 SF
Year Built

1972
For Lease

$21.00 - $25.00/SF/YR
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Ridgeway Center - 965 Ridge Lake Blvd

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

Office

105,627 SF
Availability

2 Spaces

17,175 SF
Year Built

1982
For Lease Contact for pricing
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1,250± SF Endcap Available

3650 Southwind Park Cove, Windyke - Southwind, Memphis, TN
Property

Retail
Availability

1 Space

1,250 SF
For Lease Contact for pricing
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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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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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1507-1549 Two Place

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

Industrial

57,750 SF
Year Built

1977
For Sale

Subject To Offer
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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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