Downtown Memphis Commercial Real Estate

265 South Front - Space Downtown Memphis, Memphis, TN  
Sep 15
7,540
sqft
Office
431 S Main St - 3 Spaces South Main Historic District, Memphis, TN HVAC
Aug 11
4,810 - 4,820
sqft
Retail Other
254 Court Ave - Space Downtown Memphis, Memphis, TN  
Jul 21
53,740
sqft
Office

Downtown Memphis

Market Report

Number of Listings
Posted in the last 90 days
31
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
5,630

Compared to the rest of the Memphis market, the Downtown Memphis region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.

Downtown Memphis Listing Supply

In the last 90 days, 294 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the available space in the Downtown Memphis are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 5,630 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 4 floors. Most buildings in this region were built in 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 market. Commute by car is the most popular way to get to work amongst Downtown Memphis folk. 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