Memphis, TN Commercial Real Estate for Lease and Sale

Explore 543 listings of Memphis commercial real estate to find the best space for your business.

Social Security Administration (SSA) Office of Hearings Operations (OHO) - Field Office

309 Monroe Ave, Downtown Memphis, Memphis, TN
Property

Office

22,677 SF
For Sale Contact for pricing
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Summer Ave

4720 Summer Ave, Berclair, Memphis, TN
Property

VacantLand

1.5 Acre
For Sale Contact for pricing
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4791 Burbank Road

4791 Burbank Road, Parkway Village, Memphis, TN
Property

Industrial

132,192 SF
Availability

1 Space

37,500 SF
Year Built

1972
For Lease Contact for pricing
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The Plaza on Macon

8095 Macon Rd, Cordova, TN
Property

Retail

15,000 SF
Availability

3 Spaces

3,800 SF
Year Built

2004
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
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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Memphis Commons

7926 Giacosa Place, Cordova, Memphis, TN
Property

Retail

332,942 SF
Availability

9 Spaces

58,023 SF
Year Built

1997
For Lease Contact for pricing
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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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6819 Winchester Rd

6819 Winchester Rd, Hickory Hill, Memphis, TN
Property

Retail

5,588 SF
Availability

1 Space

5,588 SF
Year Built

1991
For Lease Contact for pricing
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0 E Holmes Rd

0 E Holmes Rd, Whitehaven, Memphis, TN
Property

VacantLand
For Sale

Subject To Offer
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4155 East Holmes Road

4155 East Holmes Road, Parkway Village, Memphis, TN
Property

Industrial

969,150 SF
Availability

1 Space

273,000 SF
Year Built

2001
For Lease Contact for pricing
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Hacks Cross Centre

4205 Hacks Cross Road, South Riverdale, Memphis, TN
Property

Retail

25,631 SF
Availability

1 Space

1,400 SF
Year Built

2004
For Lease

$13.16/SF/YR
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1810 September Ave

1810 September Ave, Whitehaven, Memphis, TN
Property

Industrial

5,400 SF
Availability

2 Spaces

5,400 SF
Year Built

1982
For Lease

$12.86/SF/YR
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3736 New Getwell Road

3736 New Getwell Road, Parkway Village, Memphis, TN
Property

Industrial

81,432 SF
Availability

2 Spaces

80,010 SF
Year Built

1966
For Lease Contact for pricing
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505 Winchester Rd

505 Winchester Rd, Whitehaven, Memphis, TN
Property

Industrial

14,646 SF
Availability

1 Space

14,646 SF
For Lease Contact for pricing
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1690 Latham St.

1690 Latham St., Southside Memphis, Memphis, TN
Property

VacantLand

2.16 Acre
For Sale

$86,400
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Hwy 51 North

Hwy 51 North, Frayser, Memphis, TN
Property

VacantLand

296 Acre
Availability

1 Space

296 Acre
Year Built

1958
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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7985 Courtyard Plaza

7985 Courtyard Plaza, South Riverdale, Memphis, TN
Property

Office

800 SF
Availability

1 Space

800 SF
For Lease

$2,000.00/MO
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554 Adams Ave

554 Adams Ave, Downtown Memphis, Memphis, TN
Property

Industrial

25,668 Acre
For Sale

$1,000,000
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7345 Goodlett Farms Pkwy

7345 Goodlett Farms Pkwy, Cordova, TN
Property

Office

28,500 SF
Availability

1 Space

28,500 SF
Year Built

2008
For Lease Contact for pricing
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2535 & 2543 Broad Ave

2535 & 2543 Broad Ave, Binghampton, Memphis, TN
Property

Retail

3,000 SF
Availability

2 Spaces

3,000 SF
For Lease

$3,000.00 - $4,000.00/MO
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5625-5653 E Shelby Dr

5625-5653 E Shelby Dr, Parkway Village, Memphis, TN
Property

Industrial

38,400 SF
For Sale

$2,550,000
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Former Commercial Appeal | Office Property

495 Union Ave, Downtown Memphis, Memphis, TN
Property

Office

128,672 SF
Year Built

1975
For Sale Contact for pricing
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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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Raines Road at Prescott Rd

Raines Road at Prescott Rd, Oakhaven, Memphis, TN
Property

VacantLand

5.2 Acre
For Sale Contact for pricing
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152 N Tucker St

152 N Tucker St, Midtown Memphis, Memphis, TN
Property

Office

3,078 SF
Year Built

1920
For Sale

$975,000
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Memphis Photovoltaics Park

900 Firestone Ave, Industrial Area, Memphis, TN
Property

Industrial

261,000 SF
Availability

1 Space

261,000 SF
For Lease Contact for pricing
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3781 Austin Peay Hwy

3781 Austin Peay Hwy, Raleigh, Memphis, TN
Property

VacantLand

3.26 Acre
For Sale

$160,000
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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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3696 Knight Road

3696 Knight Road, Parkway Village, Memphis, TN
Property

Industrial

79,558 SF
Availability

1 Space

31,024 SF
Year Built

1991
For Lease Contact for pricing
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Memphis Stateline Logistics Center

5501 Tchulahoma Rd, Oakhaven, Memphis, TN
Property

Industrial

2,000,000 SF
Availability

3 Spaces

1,960,800 SF
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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6730 Lenox Center Ct

6730 Lenox Center Ct, Hickory Hill, Memphis, TN
Property

Office

78,744 SF
Availability

1 Space

100,000 SF
Year Built

2000
For Lease Contact for pricing
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4251 Pidgeon Roost Road

4251 Pidgeon Roost Road, Parkway Village, Memphis, TN
Property

Industrial

3,999 SF
For Sale

$267,675
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Quince & White Station

5143 Quince Rd, Eastgate, Memphis, TN
Property

Retail

87,529 SF
Availability

3 Spaces

10,621 SF
Year Built

2010
For Lease Contact for pricing
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Opportunity Zone Lot For Sale or Lease | Downtown Memphis

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

VacantLand

9,530 SF
Year Built

1920
For Sale

$500,000
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597 Beale Street - 5.49 Acres Available

597 Beale St, Downtown Memphis, Memphis, TN
Property

Other
For Sale

$2,900,000
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4250 Concorde Road

4250 Concorde Road, Parkway Village, Memphis, TN
Property

Industrial

108,199 SF
Availability

1 Space

20,000 SF
Year Built

1987
For Lease Contact for pricing
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806 Poplar Ave

806 Poplar Ave, Uptown Memphis, Memphis, TN
Property

VacantLand

0.38 Acre
For Sale Contact for pricing
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6672 E Shelby Dr

6672 E Shelby Dr, Hickory Hill, Memphis, TN
Property

Retail

13,650 SF
Availability

1 Space

13,650 SF
Year Built

2002
For Lease

$13.00/SF/YR
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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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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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6419 Shelby View Drive

6419 Shelby View Drive, Meadow Brook, Memphis, TN
Property

Industrial

145,650 SF
Availability

2 Spaces

70,000 SF
Year Built

2000
For Lease Contact for pricing
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3461 E Raines Rd

3461 E Raines Rd, Oakhaven, Memphis, TN
Property

VacantLand

100 Acre
For Sale Contact for pricing
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8.48+/- AC Available in Cordova, TN

0 Dexter Rd., Cordova, TN
Property

Other
For Sale Contact for pricing
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2964 S 3rd St

2964 S 3rd St, Whitehaven, Memphis, TN
Property

Industrial

15,000 SF
Availability

1 Space

15,000 SF
For Lease Contact for pricing
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4738 Commercial Loop

4738 Commercial Loop, Whitehaven, Memphis, TN
Property

VacantLand

1.34 Acre
For Sale

$170,000
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The Memphis Depot - Building 249

2129 Troyer Avenue, Alcy - Dunn, Memphis, TN
Property

Industrial
Availability Contact for availability
Year Built

1950
For Lease Contact for pricing
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Toad Hall

2129 Central Avenue, Cooper - Young, Memphis, TN
Property

Office

5,000 SF
Availability

2 Spaces

2,512 SF
For Lease Contact for pricing
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5830 Mount Moriah

5830 Mt Moriah Rd, Bal - Moral, Memphis, TN
Property

Office

27,521 SF
Availability

1 Space

300 SF
Year Built

1980
For Lease

$25.00/SF/YR
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5366 Crestview Road

5366 Crestview Road, Raleigh, Memphis, TN
Property

Industrial

62,040 SF
Availability

1 Space

43,044 SF
Year Built

1984
For Lease Contact for pricing
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Distriplex Business Park - Building 2

6386 Global Drive, Parkway Village, Memphis, TN
Property

Industrial

201,500 SF
Availability

1 Space

93,000 SF
Year Built

2022
For Lease 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 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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