Downtown Memphis Retail Space for Rent
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Renting Retail Space in Downtown Memphis
Downtown is currently the site of the largest redevelopment in Memphis history: the Neural Nexus. This multibillion-dollar tech district, breaking ground in the first half of 2026, is transforming two blocks near Beale Street into a sovereign cloud computing hub with 700 residential units and an 800-room hotel. 2026 is the year of "The Cultural Rebirth." In December 2026, the Memphis Art Museum (formerly the Brooks Museum) will open its new $122 million waterfront campus on the river bluff. Additionally, the National Civil Rights Museum will unveil its expanded Legacy Building in the spring. Investors are targeting South Main lofts as the area solidifies its status as a high-density, tech-driven residential core.
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Suite Rates in Downtown Memphis
Suite Sizes in Downtown Memphis
Neighborhood Comparison
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
|---|---|---|---|
| Bartlett | 1,500 | $1.21 / SF | < 30 |
| Collierville | 1,500 | $1.33 / SF | 41 |
| Cordova | 2,100 | $1.24 / SF | 35 |
| Downtown Memphis | 4,300 | $2.24 / SF | < 30 |
| Germantown | 2,000 | $1.71 / SF | 177 |
| Graceland | 1,200 | $0.69 / SF | < 30 |
| Lenox | 2,400 | $1.45 / SF | < 30 |
| Memphis International Airport Area | 2,800 | $1.22 / SF | < 30 |
| Memphis Medical District | 4,500 | $1.79 / SF | < 30 |
| Midtown Memphis | 5,500 | $1.79 / SF | < 30 |
| Olive Branch | 2,400 | $1.03 / SF | < 30 |
| Southhaven | 2,600 | $1.16 / SF | < 30 |
| West Memphis | - | - | < 30 |
*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.