Memphis Retail Commercial Real Estate
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Retail Commercial Real Estate in Memphis
A major tourism destination for the American south, Memphis has a long and storied history that attracts nearly 12 million visitors each year, who contribute over $3.5 billion to the city’s economy.
Thanks to a consistent influx of visitors, the retail potential in Memphis is unmatched in the state of Tennessee. Cheaper than Nashville and more diverse in its arts and culture offerings, the city is an ideal location to expand your business or start an entirely new venture in a growing, fast-paced mid-sized city.
If you’re seeking retail space in Memphis, positioning your company within the downtown corridor is ideal for attracting foot traffic and providing your brand a high-visibility area in which to stand out. However, the area further east between Madison and Union streets offer the potential for both tourism traffic and repeat, loyal customers who live in the city.
Venturing further out of central Memphis, the area along Sam Cooper Boulevard toward Berclair provides heavy commuter traffic as well as a strong base of locals who live in the neighborhood. For companies seeking space in major shopping centers, there are two indoor shopping malls in Memphis: Oak Court Mall and Wolfchase Galleria, which houses 120 stores and is the largest mall in the county. Open-air shopping facilities include Carriage Crossing, Shops of Saddle Creek, Laurelwood Shopping Center, and the newly revitalized Overton Square neighborhood.
Market Stats
Memphis has 1,779 commercial real estate spaces for lease, representing 29,885,409 sqft space.
703 buildings are available for sale.
In the past 30 days, Memphis has had 1322 spaces leased.