Downtown Memphis Class A
For Lease
Contact for pricing
150 Peabody Place, Memphis, TN 38103
Class A office space in the heart of downtown Memphis.
Space SizeContact for details
Property Size82,000 SF
Days on Market875
Property Features for 150 Peabody Place
General Information
Standard status
Active
Size
82,000 SF
Property subtype
Office
Listing Agency:
NAI Saig Company
(901) 526-3100
Listed By:
Hank Martin · License #TN 255708
Source:
Crexi
Added: Mar 15, 2024
Changed: Jul 6
Last Checked: Aug 6 at 12:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Saig Company
Investment Insights
Based on property information with market context.
This Class A office space, located in downtown Memphis at the corner of Peabody Place and BB King Blvd, offers between 11,668 and 82,000 square feet of space. Multi-floor availabilities are present. The property is situated one block from Beale Street, FedEx Forum, and the Peabody Hotel. It features a common area cafeteria and lounge, along with parking garage access. Flexible sublease terms are available, with the sublease expiring on December 31, 2034.
Key Highlights
- Flexible Sublease Term (Expiration: 12/31/2034)
- Located in the Heart of Downtown Memphis
- Class A Downtown Office Space
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
3,593
Businesses Nearby
Explore this area
Business Placement
Demographics for 38103, TN
14,739
Population
8,811
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
2.7 sq mi
ZIP Area
5,459
Density / Sq Mi
$75,763
Median Household Income
$60,918
Median Earnings
$1,575
Median Rent
$380,900
Median Home Value
Market
Lease Benchmarks for Memphis, TN
$16.98 /SF/Yr
Avg Asking Price
$0.7–$24 /SF/Yr
Price Range
26,191 SF
Avg Space Size
Vacancy Rate% for Office in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Class A office space in the heart of downtown Memphis.
Where is this office building located?
The property is located at 150 Peabody Place Memphis, TN.
What are key features of this property?
This property features: Flexible Sublease Term (Expiration: 12/31/2034); Located in the Heart of Downtown Memphis; Class A Downtown Office Space
