Memphis Warehouse Space for Rent
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Renting Warehouse Space in Memphis
The industrial real estate market in Memphis is integral to the city’s logistics and distribution sectors. TenantBase data reveals that medium-term leases (3-5 years) are most common, making up 28.3% of lease terms, while short-term leases of 1-2 years account for 19.6%. Long-term leases (5+ years) represent 26.1%, indicating a strategic commitment by larger distribution operations. Areas near the airport and the river, such as the Southeast Industrial District, are particularly desirable due to logistical advantages.
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Suite Rates in Memphis
Suite Sizes in Memphis
Neighborhood Comparison
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
|---|---|---|---|
| Bartlett | 6,000 | $0.93 / SF | < 30 |
| Collierville | 12,000 | - | < 30 |
| Cordova | 7,500 | $1.05 / SF | < 30 |
| Downtown Memphis | 17,000 | $0.40 / SF | < 30 |
| Germantown | 4,200 | $0.61 / SF | 42 |
| Graceland | 7,500 | $0.48 / SF | < 30 |
| Lenox | 4,700 | $0.35 / SF | < 30 |
| Memphis International Airport Area | 6,800 | $0.53 / SF | < 30 |
| Memphis Medical District | 18,000 | - | < 30 |
| Midtown Memphis | - | - | < 30 |
| Olive Branch | 136,000 | $0.79 / SF | < 30 |
| Southhaven | 6,300 | $0.77 / SF | < 30 |
| West Memphis | 12,000 | $0.50 / SF | < 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.