Market Guide
Memphis, TN Commercial Real Estate Guide
Commercial real estate guide for Memphis, TN.
Memphis, TN
Current
Quick Facts
Memphis market quick facts
City
Memphis
TN
County
Shelby County
Regional market context
Population
1,037,125
City population context
Buildings
8
Example buildings in Rofo data
Common Space Types
3
Office Space, Industrial Space, Coworking Space
Nearby Markets
8
Bartlett, Cordova, Germantown
Market Overview
Commercial real estate in Memphis
Memphis, TN is a local commercial real estate market in Shelby County where businesses can compare space needs by location, property type, and fit. Common space types include office space, industrial space, coworking space. Rofo currently includes 8 example buildings for this market. Nearby markets such as Bartlett, Cordova, Germantown can also be useful to compare.
Office Market Snapshot
Memphis Office Market Snapshot
Logistics sector supports some demand.
Average Rent
$18-$28/SF/YR
→
Typical office asking rent
Availability
Elevated
↑
High availability
Market Trend
Tenant-favorable
→
More tenant flexibility
Notable Areas
Downtown
East Memphis
Germantown
Common tenant search areas
Rents stable.
Vacancy elevated.
Tenants have strong negotiating leverage.
Space Types
Commercial space types in Memphis
Office Space in Memphis
Office space can work for professional services, client-facing teams, administrative users, and companies that need private workspace.
View office space in MemphisIndustrial Space in Memphis
Industrial space can work for warehouse users, logistics operations, light manufacturing, service trades, and distribution needs.
View industrial space in MemphisCoworking Space in Memphis
Coworking space can work for flexible teams, remote workers, startups, and businesses that want shorter-term workspace options.
View coworking space in MemphisNearby Markets
Nearby commercial real estate guides
Compare nearby market guides if you are flexible on location, commute, space type, or building fit.
Bartlett, TN
Read the Bartlett guideCordova, TN
Read the Cordova guideGermantown, TN
Read the Germantown guideArlington, TN
Read the Arlington guideCool Springs, TN
Read the Cool Springs guideDover, TN
Read the Dover guideClarksville, TN
Read the Clarksville guideFranklin, TN
Read the Franklin guideNearby City Pages
Compare nearby commercial real estate markets
Nearby markets can be useful if you are flexible on location, commute, space type, or building fit.
Bartlett, TN
Explore Bartlett commercial real estateCordova, TN
Explore Cordova commercial real estateGermantown, TN
Explore Germantown commercial real estateArlington, TN
Explore Arlington commercial real estateCool Springs, TN
Explore Cool Springs commercial real estateDover, TN
Explore Dover commercial real estateExample Buildings
Example buildings in Memphis
Space Planning
What size commercial space do you need?
Most businesses start by estimating team size, operational needs, customer access, storage needs, and future growth. If you are unsure, compare a few size ranges before narrowing the search.
- Under 1,000 sqft can work for smaller teams, service businesses, or focused local operations.
- 1,000-5,000 sqft often fits growing businesses that need a practical mix of work, customer, or support areas.
- 5,000+ sqft is usually evaluated around layout, operational flow, and future expansion needs.
Next Steps
We can help you find space in this market
Share the type of space, size range, and timing you are considering, and Rofo can help you evaluate Memphis or nearby commercial real estate markets.
GET HELP
Tell us what you need
Help us understand your space, timing, and priorities—we’ll point you in the right direction.
Type of space
Office, retail, industrial, flex, or coworking
Size or team
A rough range or headcount is enough
Location
Your target area or nearby options
Timeline
Now, soon, or just exploring
GET HELP
Find the right space for your business
Tell us what you need — we’ll follow up with a few spaces that fit.
FAQ
Memphis commercial real estate FAQ
How do I find commercial space in Memphis?
Start by defining the type of space, approximate size, preferred location, and timing. Rofo can help compare available options in Memphis and nearby markets.
What types of commercial space are available in Memphis?
Memphis has guide or inventory coverage for office space, industrial space, coworking space. Availability varies by property and timing.
Can Rofo help me compare nearby markets?
Yes. Rofo can help compare Memphis with nearby markets such as Bartlett, Cordova, Germantown.
How does Rofo connect me with local options?
Share what kind of space you need, your target market, and approximate size. Rofo reviews the request and helps identify relevant next steps.