Commercial Real Estate Market in Memphis, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 171 off-market properties in Memphis, TX.
Market Trends
Memphis, TX spans 282.8 square miles in Hall County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Memphis, TX runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Memphis, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Memphis, TX runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Memphis, TX runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Memphis, TX has 2,192 residents in 1,205 households. Density runs 8 people per square mile. Median household income here is $46,667 and median gross rent $608 a month.
2,192
Population
1,205
Households
1.8
Avg Household Size
46
Median Age
16%
College-Educated
83%
High-School Grad
282.8 sq mi
ZIP Area
8
Density / Sq Mi
$46,667
Median Household Income
$34,844
Median Earnings
$608
Median Rent
$79,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hedley | — | — |
| Estelline | — | — |
| Quail | — | — |
| Lelia Lake | — | — |
Commercial property in Memphis, TX asks $388/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Memphis?
Commercial property in Memphis, TX asks an average of $388 per square foot.
Where does Realmo's Memphis market data come from?
Realmo compiles Memphis, TX figures from 9 active sale listings, 1 active lease listings, 171 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 1 active for-lease listings in Memphis, TX. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
