Commercial Real Estate Market


Relocating or expanding your business?
Welcome to real estate heaven.

Memphis consistently ranks among the nation’s best real estate markets for expanding or relocating businesses. Our inventory of available commercial and industrial property – from big-box distribution space and manufacturing facilities to downtown high-rises and suburban corporate campuses – is large, and rental and purchase prices are low.  Whatever your commercial real estate need, there’s a property in Memphis to meet it.

Memphis Commercial Real Estate Market Overview

Metric Total Office Class A Office* Total
Industrial
Inventory (sf)
19,950,771
5,493,039
188,607,688
Available (sf) 4,642,529
773,070
23,017,438
Vacancy Rate
20.6%
12.2%
8.6%
Lease Rate
$18.18
$22.33
$2.49

Source: Xceligent Q2 2016 Market Reports
*Note: Class A office data only available for the 385 Corridor, Downtown, and East submarkets.

Quick Facts:

Memphis industrial and warehouse lease rates are among the nation’s lowest.

  • Memphis lease rates are lower than comparable space in cities like Louisville, Dallas, Miami, Indianapolis, and Phoenix.

Memphis and Shelby County offer a wide selection of distribution, warehousing, and logistics facilities.

  • Memphis has over 188 million square feet of industrial space.

Memphis consistently offers some of the lowest office lease rates among major U.S. metro markets.

  • Memphis lease rates are lower than comparable space in cities like Atlanta, Chicago, Dallas, Richmond, and Austin.

Find out more.

Be sure to visit the Featured Properties page for our professional site selection team’s picks of currently available properties.

Get started with a preliminary search of available sites and buildings by using our online search tool.  Click here to begin your search.

Ready for a comprehensive search of available property in the Memphis area?  Contact our team of site selection professionals.