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 Office Class A Industrial Warehouse
Inventory (sf)
19,676,144
5,165,698
172,806,464
103,048,751
Available (sf)
3,560,383
529,091
23,133,868
11,924,258
Vacancy Rate
18.1%
10.2%
13.4%
11.6%
Lease Rate
$18.72
$23.98
$2.81
$2.48

Source: Xceligent, 1Q 2010

Quick Facts:

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

  • Memphis lease rates are 25-65% lower than comparable space in cities like Charlotte, Indianapolis, Houston, and Phoenix.

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

  • Memphis has more than 172 million square feet of warehouse space with an average size for current construction of approximately 500,000 square feet (over 11 acres) per building.

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

  • Memphis lease rates are 10-50% lower than comparable space in cities like Charlotte, Miami, Houston, and Phoenix.

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.