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Office Space with Open Layout
For Lease
$11.60 SF/Yr

3566-3628 Commerce Circle, Memphis, TN 38118

3,000 SF office suite for lease featuring an open space plan, private restrooms, and a break room.

Space Size3,000 SF
Property Size3,400 SF
Days on Market45

Property Features for 3566-3628 Commerce Circle

General Information

Standard status Active
Size 3,000 SF
Class B
Property subtype Office - General Office

Building Details

Building Size 3,400 SF

Spaces For Lease

at 3566-3628 Commerce Circle Contact us

3624-3626 Commerce Circle $11.60/SF/Yr

Size
3,000 SF
Type
General Office
Lease Type
Modified Gross
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: NAI Saig Company
Listed By: Brian Califf · License ##299669
Source: Commercialcafe
Added: Jul 11 Changed: Aug 24 Last Checked: Aug 23 at 2:29AM

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 3,000 SF office space for lease is configured with an open space layout plus one office, a break room, and two private restrooms. The suite offers a practical mix of open working area and enclosed space.

The property is located at 3566-3628 Commerce Circle in Memphis, TN. The space is identified in the listing as formerly a church, which may be relevant for tenant planning and space adaptation.

Interested parties should confirm all layout details and suitability for their intended use during the leasing process.

Key Highlights

  • 3,000 SF space for lease at 3566–3628 Commerce Circle
  • Asking lease rate: $11.60/SF; asking monthly rent: $2,900
  • Open space layout with 1 office

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Garden Center Skin Care Clinic Spa & Massage Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.74 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

461
Businesses Nearby

Demographics for 38118, TN

39,627
Population
16,317
Households
2.4
Avg Household Size
32
Median Age
12%
College-Educated
79%
High-School Grad
30.5 sq mi
ZIP Area
1,299
Density / Sq Mi
$42,464
Median Household Income
$30,431
Median Earnings
$1,105
Median Rent
$95,700
Median Home Value

Market

Lease Benchmarks for Memphis, TN

$15.19 /SF/Yr
Avg Asking Price
$4.19–$23 /SF/Yr
Price Range
8,120 SF
Avg Space Size

This space is priced 24% below the average of $15.19 /SF/Yr.

Vacancy Rate% for Office in Memphis, TN

14.6% 2019
15% 2020
16.8% 2021
16.2% 2022
17.3% 2023
16.7% 2024
17.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - 3,000 SF office suite for lease featuring an open space plan, private restrooms, and a break room.
Where is this office units located?
The property is located at 3566-3628 Commerce Circle Memphis, TN.
What is the lease rate?
The lease rate is $11.60 SF/Yr.
What are key features of this property?
This property features: 3,000 SF space for lease at 3566–3628 Commerce Circle; Asking lease rate: $11.60/SF; asking monthly rent: $2,900; Open space layout with 1 office
More about this property
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