Memphis, TN Office Buildings for Lease
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Memphis, TN Office buildings Lease Rates & Market Statistics
Browse 143 Office buildings for lease in Memphis, TN on Realmo, a commercial real estate marketplace serving the Memphis area. The current inventory totals 3,500,248 square feet of properties — an average of ~24,500 SF per listing.
Office buildings lease rates in Memphis range from $12.60 SF/Yr at the entry level to $35 SF/Yr at the top of the market, averaging $22.01 SF/Yr. That's a 3x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. At $22.01 SF/Yr, the local average runs 7% above Tennessee's state average of $20.60 SF/Yr.
Memphis accounts for 96% of the 149 office buildings currently available across Shelby County, where nearby markets include Germantown and Bartlett. Office buildings make up 35% of the 406 Office Spaces currently for lease in Memphis, with asking rates averaging $22.01 SF/Yr — 25% above the citywide Office Spaces average of $17.61 SF/Yr. Tenants comparing options may also consider Office Units (220 listings) and Medical Office Space (58 listings) elsewhere in the Memphis market.
