Memphis, TN Retail Properties & Spaces for Lease
Memphis, TN Retail properties & Spaces Lease Rates & Market Statistics
Browse 157 Retail properties & Spaces for lease in Memphis, TN on Realmo, a commercial real estate marketplace serving the Memphis area. The current inventory totals 2,429,009 square feet of properties — an average of ~15,450 SF per listing.
Retail properties & Spaces lease rates in Memphis range from $9 SF/Yr at the entry level to $20.80 SF/Yr at the top of the market, averaging $14.96 SF/Yr. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. At $14.96 SF/Yr, the local average runs 34% below Tennessee's state average of $22.67 SF/Yr.
Memphis accounts for 77% of the 204 retail properties & spaces currently available across Shelby County, where nearby markets include Collierville and Cordova. By space type, the market includes 68 shopping centers, 29 storefront properties and 5 other retail properties — shopping centers typically offer the lowest entry point, while storefront properties command the highest rates.
