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.

4981 Summer Ave

4981 Summer Ave, Berclair, Memphis, TN
Property

Office

31,173 SF
Availability

1 Space

6,200 SF
Year Built

1952
For Lease

$9.00/SF/YR
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4066 New Getwell Rd

4066 New Getwell Rd, East Memphis Park, Memphis, TN
Property

VacantLand

1.35 Acre
For Sale

$224,000
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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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3850 Air Park Street

3850 Air Park Street, Parkway Village, Memphis, TN
Property

Industrial

113,665 SF
Availability

2 Spaces

110,420 SF
Year Built

1966
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
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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588 S Cooper

588 S Cooper Street, Lenox, Memphis, TN
Property

Retail

5,250 SF
Availability

1 Space

1,518 SF
For Lease Contact for pricing
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5106 Tradeport Drive

5106 Tradeport Drive, Parkway Village, Memphis, TN
Property

Industrial

861,931 SF
Availability

1 Space

787,000 SF
Year Built

2000
For Lease Contact for pricing
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Centerpoint Industrial Park

Raines Road & Tchulahoma Road, Oakhaven, Memphis, TN
Property

VacantLand

100 Acre
For Sale Contact for pricing
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Hwy 51 North

Hwy 51 North, Frayser, Memphis, TN
Property

VacantLand

296 Acre
For Sale

$630,000
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3731 Distriplex Drive North

3731 Distriplex Drive North, Oakhaven, Memphis, TN
Property

Industrial

90,446 SF
Availability

1 Space

65,000 SF
Year Built

1992
For Lease 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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2500 Elvis Presley Blvd

2500 Elvis Presley Blvd, Alcy - Dunn, Memphis, TN
Property

VacantLand

7.3 Acre
Year Built

1960
For Sale

$495,000
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Cross Rhodes

1217 Getwell Road, Sherwood Forest, Memphis, TN
Property

Retail

37,595 SF
Availability

1 Space

1,000 SF
For Lease Contact for pricing
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4949 East Raines Road

4949 East Raines Road, Parkway Village, Memphis, TN
Property

Industrial

180,568 SF
Availability

1 Space

60,000 SF
Year Built

1971
For Lease Contact for pricing
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107 S. Main Street

107 South Main, Downtown Memphis, Memphis, TN
Property

Retail

34,200 SF
Availability

3 Spaces

19,188 SF
Year Built

1910
For Lease Contact for pricing
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2852 Lamb Place

2852 Lamb Place, Memphis International Airport, Memphis, TN
Property

Industrial

9,960 SF
For Sale 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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3777 Winchester Road

3777 Winchester Road, Oakhaven, Memphis, TN
Property

Industrial

28,983 SF
Availability

1 Space

28,436 SF
Year Built

1974
For Lease Contact for pricing
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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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7706 Winchester Road

7706 Winchester Rd, South Riverdale, Memphis, TN
Property

Retail

298,202 SF
Availability

2 Spaces

20,080 SF
For Lease

$12.00 - $14.00/SF/YR
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Macon Rd. & Cordova Station Rd

Macon Rd. & Cordova Station Rd, Cordova, Memphis, TN
Property

VacantLand
For Sale Contact for pricing
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1790 Lapaloma St

1790 Lapaloma St, Orange Mound, Memphis, TN
Property

Industrial

5,590 SF
Year Built

1953
For Sale

$200,000
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2197 Central Avenue

2197 Central Avenue, Cooper - Young, Memphis, TN
Property

Retail

5,920 SF
Availability

1 Space

1,383 SF
For Lease Contact for pricing
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0 Old Horn Lake Rd

0 Old Horn Lake Rd, Coro Lake, Memphis, TN
Property

VacantLand

4.32 Acre
For Sale

$59,900
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Raines Rd

Raines Rd, Whitehaven, Memphis, TN
Property

VacantLand

5.2 Acre
For Sale Contact for pricing
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725 N Germantown Pkwy

725 N Germantown Pkwy, Cordova, Memphis, TN
Property

VacantLand

9.67 Acre
For Sale Contact for pricing
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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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Mendenhall Business Center

4400 South Mendenhall Road, Hickory Hill, Memphis, TN
Property

Industrial

664,875 SF
Availability

1 Space

33,446 SF
Year Built

1984
For Lease Contact for pricing
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East Business Point Center

East Business Point Center, Hickory Hill, Memphis, TN
Property

Industrial

287,482 SF
Availability

4 Spaces

68,198 SF
For Lease

$8.00/SF/YR
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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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1531 Thomas Street

1531 Thomas Street, Industrial Area, Memphis, TN
Property

Industrial

198,633 SF
For Sale

$4,500,000
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Century Center - Building D

1680 Century Center Pkwy, Shelby Farms Park, Memphis, TN
Property

Industrial

77,925 SF
Availability

1 Space

6,766 SF
Year Built

1995
For Lease Contact for pricing
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3850 Elvis Presley BLVD

3850 Elvis Presley Blvd, Whitehaven, Memphis, TN
Property

VacantLand
For Sale

$1,745,000
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Southridge Industrial Park - 4905 Southridge Blvd

4905 Southridge Blvd, Parkway Village, Memphis, TN
Property

Industrial

150,000 SF
Availability

2 Spaces

78,750 SF
Year Built

1996
For Lease Contact for pricing
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650 S Perkins Rd

650 S Perkins Rd, Colonial, Memphis, TN
Property

Office

3,123 SF
Availability

1 Space

3,123 SF
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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554 Adams Ave

554 Adams Ave, Downtown Memphis, Memphis, TN
Property

Industrial

25,668 SF
Availability

1 Space

25,668 SF
Year Built

1967
For Lease

$3.75/SF/YR
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Holmes Rd

Holmes Rd, Coro Lake, Memphis, TN
Property

VacantLand
For Sale

$249,000
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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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671 N Ericson Rd

671 N Ericson Rd, Cordova, Memphis, TN
Property

Office

7,403 SF
Year Built

1998
For Sale

$999,000
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Macleod Village

4510 Macleod Trail, Bal - Moral, Memphis, TN
Property

Retail

5,459 SF
Availability

2 Spaces

5,459 SF
For Lease Contact for pricing
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Corporate Park - 4600 Cromwell Avenue

4600 Cromwell Avenue, Parkway Village, Memphis, TN
Property

Industrial

78,718 SF
Availability

1 Space

12,350 SF
Year Built

1991
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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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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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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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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1,300 – 1,500 SF - East Memphis Offices Available for Lease

699 Oakleaf Office Ln, Colonial, Memphis, TN
Property

Office
Availability

1 Space

1,558 SF
Year Built

2003
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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4067 New Getwell Road

4067 New Getwell Road, Oakhaven, Memphis, TN
Property

Industrial

30,200 SF
Availability

1 Space

26,200 SF
Year Built

1981
For Lease Contact for pricing
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2865 Hammond Rd

2865 Hammond Rd, Raleigh, Memphis, TN
Property

Industrial

7,134 SF
Availability

1 Space

7,134 SF
Year Built

1981
For Lease Contact for pricing
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7275 Appling Farms Parkway

7275 Appling Farms Pkwy, Cordova, Memphis, TN
Property

Office

17,500 SF
Availability

1 Space

8,640 SF
Year Built

2011
For Lease Contact for pricing
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US Highway 64 & Vildo Road

US Highway 64 & Vildo Road, Chickasaw Oaks, Bolivar, TN
Property

VacantLand

338.36 Acre
For Sale Contact for pricing
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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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