Downtown Memphis Retail Space For Lease

Downtown Memphis

Market Report

Number of Listings For Lease
Posted in the last 90 days
8
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
2,090

Downtown Memphis Commercial Real Estate

Find Downtown Memphis commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Downtown Memphis commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Downtown Memphis Rates

Most commerial real estate listings for lease are in the $0's per square foot per year. The Downtown Memphis submarket is seeing a decline in rates. In the last 3 months, the median rate for lease fell $17 per sqft per year.

Downtown Memphis Listing Supply

In the last 90 days, 294 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard size for office space in this area is around 6,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this area were built around 1923 and are Class B.

Downtown Memphis Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Memphis residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Downtown Memphis.
Research