Memphis, TN Commercial Real Estate for Lease and Sale

Explore 545 listings of Memphis commercial real estate to find the best space for your business.

2183-2185 Young Avenue

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

Retail

4,888 SF
For Sale

Subject To Offer
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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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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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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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Office Coworking Retail Industrial

Office Retail Industrial Land
948 Reddoch Cv

948 Reddoch Cv, Eastgate, Memphis, TN
Property

Office

2,149 SF
Year Built

1954
For Sale

Subject To Offer
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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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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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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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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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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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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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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
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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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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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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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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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710 Oakleaf Office Ln

710 Oakleaf Office Ln, Colonial, Memphis, TN
Property

Office

6,284 SF
Year Built

1984
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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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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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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705 South Main Street

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

VacantLand
For Sale

Subject To Offer
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1548 Lamar Avenue

1548 Lamar Avenue, Med District, Memphis, TN
Property

VacantLand
For Sale

Subject To Offer
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Shops at Rock Creek

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

Retail

61,333 SF
Availability

2 Spaces

10,685 SF
Year Built

2006
For Lease

$16.00 - $24.00/SF/YR
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Audubon Woods Business Campus

755 Crossover Lane, Colonial, Memphis, TN
Property

Office

360,000 SF
Availability

1 Space

81,190 SF
Year Built

1981
For Lease Contact for pricing
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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
Year Built

1986
For Sale

Call for Asking Price
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64 S Main

64 S Main, Downtown Memphis, Memphis, TN
Property

Retail

14,000 SF
Availability

1 Space

14,000 SF
For Lease Contact for pricing
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Eastpark Distribution Center IV

5265 Hickory Hill Rd, Parkway Village, Memphis, TN
Property

Industrial
Availability

1 Space

96,400 SF
Year Built

2003
For Lease Contact for pricing
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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
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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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3711-3721 Lamar Ave

3711-3721 Lamar Ave , Oakville, Memphis, TN
Property

Retail

1,200 SF
Availability

2 Spaces

1,200 SF
For Lease

$12.00 - $15.00/SF/YR
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Goodlett Farms Business Campus - 7130 Goodlett Farms Pkwy

7130 Goodlett Farms Pkwy, Cordova, TN
Property

Office

253,831 SF
Availability

1 Space

106,480 SF
Year Built

1991
For Lease Contact for pricing
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Colonnade

1661 International Drive, River Oaks, Memphis, TN
Property

Office
Availability

1 Space

7,053 SF
Year Built

1998
For Lease Contact for pricing
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6041 Mount Moriah Road Extended
The Culture Collab
6041 Mount Moriah Road Extended #1, Memphis, TN
Services

Open Workspace

Meeting Room

Private Office
Amenities

Catering

Complimentary coffee & tea

Free water

High-speed internet
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1355 Lynnfield Road
Executive Business Center
1355 Lynnfield Road #245, Memphis, TN
Services

Meeting Room

Private Office
Amenities

High-speed wifi

Notary/Legal services

Office furniture

Office supplies

Printer

Projector

TV/Monitor

White boards
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460 South Highland Street
UMRF Research Park
460 South Highland Street, Memphis, TN
Amenities

Breakout spaces

Lab space

Professional & social events

Storage area

Workshops
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152 North Tucker Street
Tucker Collective
152 North Tucker Street #101, Memphis, TN
Services

Event Space

Meeting Room
Amenities

Complimentary coffee & tea

Concierge

Ergonomic furniture

Heating & A/C

High-speed wifi

Kitchen

Printer

Privacy booths

Snacks

TV/Monitor
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2157 Madison Avenue
Memphis Executive Suites
2157 Madison Avenue, Memphis, TN
Services

Meeting Room
Amenities

Fax services

High-speed internet

High-speed wifi

Kitchen

Parking

Photocopier

Printer

Receptionist/Secretarial services

TV/Monitor
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1331 Union Avenue
Union Centre Executive Suites
1331 Union Avenue 10th Floor, Memphis, TN
Services

Virtual Office

Meeting Room

Private Office
Amenities

Business address

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Office furniture

Parking

Printer

Projector
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Colonnade
Regus
1661 International Drive Suite 400, 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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516 Tennessee Street
The New Memphis Building
516 Tennessee Street #106, Memphis, TN
Services

Meeting Room

Private Office
Amenities

A/V equipment

High-speed internet

Parking

Printer

Rooftop deck
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340-B Monroe Avenue
Wonder Cowork Create
340-B Monroe Avenue, Memphis, TN
Services

Open Workspace

Meeting Room

Private Office

Dedicated Desk
Amenities

A/V equipment

Complimentary coffee & tea

High-speed wifi

Kitchen

Mail services

Patio

Printer

Professional & social events
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6400 Shelby View Drive

6400 Shelby View Drive, Meadow Brook, Memphis, TN
Property

Industrial

150,000 SF
Availability

2 Spaces

25,000 SF
Year Built

1997
For Lease Contact for pricing
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2500 Lamar Ave

2500 Lamar Ave, Orange Mound, Paris, TX
Property

Retail

6,030 SF
Availability

4 Spaces

6,030 SF
For Lease Contact for pricing
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3233 Elvis Presley Boulevard

3233 Elvis Presley Blvd Memphis, Whitehaven, Memphis, TN
Property

VacantLand

0.93 Acre
For Sale Contact for pricing
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4270 Raines Road

4270 Chrysler Drive, Parkway Village, Memphis, TN
Property

Industrial

180,000 SF
Availability

1 Space

180,000 SF
Year Built

1996
For Lease

$4.25/SF/YR
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Appling Rd at Appling Farms Parkway - Parcel 3

Appling Rd & Appling Farms Pkwy, Cordova, Memphis, TN
Property

VacantLand

26.5 Acre
For Sale Contact for pricing
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The Shops at Kirby Gate

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

Retail

42,417 SF
Availability

3 Spaces

8,657 SF
Year Built

2003
For Lease Contact for pricing
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450 Brooks Road

450 Brooks Road, Whitehaven, Memphis, TN
Property

VacantLand

54.71 Acre
For Sale

$350,000
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Cordova Professional Complex

1590 Bonnie Lane, Cordova, Memphis, TN
Property

Office

73,561 SF
For Sale 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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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 70,296,503 square feet. The market offers 131 active office listing(s), which amount to 3,807,761 square feet and account for 35% of commercial spaces on the market. Local retail availability includes 867,018 square feet across 79 retail space(s). Industrial space for rent opportunities in Memphis amount to 18,166,855 square feet across a total of 136 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	131	3,807,761
Retail	79	867,018
Industrial	136	18,166,855
Other	26	47,454,869

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 3,033,749 square feet of commercial property for sale here , which includes 24 office building(s) for sale , 30 retail investment opportunity listing(s) , and 33 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	24	598,517
Retail	30	247,446
Industrial	33	1,758,178
Other	68	429,607

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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