Memphis, TN
Commercial Real Estate Market Trends & Data

$182 Avg asking sale price
$2,108 Avg asking lease rate
61,931 SF Avg unit lease size
32,642 SF Avg building size for sale
7.70% Average cap rate

Memphis's Demographic Profile

Memphis has 255,268 households and a median income of $45,276, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 629,404
# Households 255,268
Median age 36
Median household income $45,276
Avg household size 2.0
Renter-occupied housing units 144,632
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Memphis, TN

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Memphis $178 12,752 SF 11.31%
Bartlett $192 7,079 SF 4.42%
Cordova $258 7,702 SF 7.00%
Germantown $253 8,133 SF 7.74%
Millington $472 58,656 SF 7.50%
Nearby Retail Markets Avg Cost/SF Typical Size
Memphis $153 16,744 SF
Bartlett $187 35,590 SF
Cordova $306 21,600 SF
Marion $187 28,555 SF
Germantown $248 24,509 SF

Commercial Properties For Sale in Memphis

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Historic Memphis Property 22,344 SF Value-Add

Memphis, TN 38105

  • 22,344 SF Specialty
  • Auction Sale
For Sale

National Tenant Memphis Retail Center

Memphis, TN 38118

  • 137,614 SF Retail Building
  • Auction Sale
For Sale

Medical Office Near Major Health Hub

Germantown, TN 38138

  • 10,800 SF Office Building
  • Auction Sale
For Sale

Medical User Opp. | Well-Established Office

Memphis, TN 38115

  • 10,496 SF Office Building
  • Auction Sale
For Sale

100% LEASED INVESTMENT OPPORTUNITY

Memphis, TN 38111

  • 7,420 SF Retail Building
  • 5.38% Cap Rate
  • $5,000,000
For Sale

Museum Lofts

Memphis, TN 38103

  • 76,445 SF Multifamily
  • Price Upon Request

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Memphis pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Memphis $182 32,642 SF
Bartlett $146 29,651 SF
Cordova $372 26,052 SF
Marion $543 14,120 SF
Germantown $250 30,904 SF

Multifamily Properties For Sale in Memphis

For Sale

REO SALE - Central Lofts

Memphis, TN 38104

  • 129,316 SF Multifamily
  • $23,500,000
For Sale

505 Tennessee Unit 101-104

Memphis, TN 38103

  • 242,863 SF Multifamily
  • $399,000
For Sale

Helix at The District

Memphis, TN 38105

  • 148,840 SF Multifamily
  • $13,500,000
For Sale

The Pulse Apartments

Memphis, TN 38104

  • 122,171 SF Multifamily
  • $7,200,000
For Sale

Serenity at Highland

Memphis, TN 38111

  • 324,021 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Memphis alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Memphis or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Memphis 629,404 255,268 36 $45,276 2 144,632 -1%
Bartlett 48,455 17,676 42 $92,214 3 3,001 -4%
Cordova 78,781 31,327 38 $76,922 3 12,768 -3%
Marion 12,078 4,506 37 $83,115 3 1,544 -5%
Germantown 36,913 14,087 45 $138,723 3 2,364 -4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Memphis, TN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Memphis

View All Commercial Real Estate For Sale in Memphis
Is Memphis a good market for a first-time commercial real estate investor?

Memphis offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Memphis?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Memphis. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Memphis?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Memphis. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Memphis compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Memphis. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Memphis acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Memphis, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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