Downtown Memphis Office
For Lease
$19.50 SF/Yr
40 South Main Street, Memphis, TN 38103
Prominent office building with recent capital improvements and skyline views.
Space SizeContact for details
Days on Market264
Property Features for 40 South Main Street
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
(901) 260-1050
Listed By:
Ron Kastner
(901) 260-1050
Source:
Cbre
Added: Nov 22, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:54AM
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 Ron Kastner
Investment Insights
Based on property information with market context.
One Commerce Square, a highly visible structure on the Downtown Memphis skyline, has undergone over $5.0 million in capital improvements since 2010. These improvements include modernization of the elevators, new roofs on the office tower and annex, chiller replacements, LED lighting in the garage, and numerous upgrades to the building lobby and common areas. The property offers sweeping views of the Mississippi River and downtown Memphis. Its tenants have easy access to AutoZone Park (AAA Baseball), the Orpheum Theatre, FedEx Forum, and the Beale Street Entertainment District. The property contains 45843 square feet and is located at 40 South Main Street, Memphis, TN, 38103.
Key Highlights
- Most visible structure on the Downtown Memphis skyline.
- Sweeping views of the Mississippi River and downtown Memphis.
- Over $5.0 million in capital improvements since 2010.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.93 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,426
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
$19.03 /SF/Yr
Avg Asking Price
$0.7–$35 /SF/Yr
Price Range
26,715 SF
Avg Space Size
This space is priced 2% above the average of $19.03 /SF/Yr.
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 - Prominent office building with recent capital improvements and skyline views.
Where is this office building located?
The property is located at 40 South Main Street Memphis, TN.
What is the lease rate?
The lease rate is $19.50 SF/Yr.
What are key features of this property?
This property features: Most visible structure on the Downtown Memphis skyline.; Sweeping views of the Mississippi River and downtown Memphis.; Over $5.0 million in capital improvements since 2010.
