Memphis Retail Space for Rent
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Renting Retail Space in Memphis
Retail space in Memphis is characterized by its diversity, from boutique storefronts to large retail chains. TenantBase data shows that medium-term leases of 3-5 years are most prominent, accounting for 30.4% of retail lease agreements, while shorter leases of 1-2 years follow at 20.9%. Long-term leases (5+ years) make up 20.9%, indicating that many retailers seek stability in established locations. Key retail corridors include Beale Street, Overton Square, and South Main, where foot traffic and community engagement are essential for success
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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 | 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.