Memphis, TN Retail Space for Lease

Search 85 retail listings in Memphis, TN and find helpful local stats in the Market Overview section below.

Covington Springs

3830-3854 Austin Peay Hwy, Raleigh, Memphis, TN
Property

Retail

41,160 SF
Availability

4 Spaces

12,432 SF
Year Built

1994
For Lease Contact for pricing
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6343 Summer Ave

6343 Summer Ave, Meadow Brook, Memphis, TN
Property

Retail

1,500 SF
Availability

1 Space

1,900 SF
For Lease

$15.16/SF/YR
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785 Union Avenue

785 Union Avenue, Downtown Memphis, Memphis, TN
Property

Retail

27,340 SF
Availability

1 Space

6,122 SF
Year Built

1999
For Lease Contact for pricing
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Southland Mall

1215 East Shelby Drive, Whitehaven, Memphis, TN
Property

Retail

216,320 SF
Availability

26 Spaces

77,920 SF
Year Built

1966
For Lease Contact for pricing
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5681 Mt Moriah

5681 Mt Moriah, Fox Meadows, Memphis, TN
Property

Retail

7,188 SF
Availability

2 Spaces

3,988 SF
For Lease

$11.72 - $12.50/SF/YR
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5465 Fox Plaza Dr

5465 Fox Plaza Dr, Fox Meadows, Memphis, TN
Property

Retail

6,624 SF
Availability

1 Space

6,624 SF
Year Built

1974
For Lease Contact for pricing
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Freestanding 7,307± SF Building Established Retail Corridor - Memphis

3895 Hacks Cross Rd, South Riverdale, Memphis, TN
Property

Retail
Availability

1 Space

7,307 SF
Year Built

2004
For Lease Contact for pricing
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Quince Station

5121 Quince Road, Eastgate, Memphis, TN
Property

Retail

95,454 SF
Availability

4 Spaces

15,121 SF
For Lease Contact for pricing
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Highland Row

521-529 S Highland Street, Chickasaw Gardens, Memphis, TN
Property

Retail

17,940 SF
Availability

2 Spaces

3,509 SF
For Lease Contact for pricing
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2977 Broad Avenue

2977 Broad Avenue, Howzye, Memphis, TN
Property

Retail

18,000 SF
Availability

1 Space

2,170 SF
Year Built

2024
For Lease Contact for pricing
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Countrywood Crossing

2201 N Germantown Pkwy, Cordova, TN
Property

Retail

85,079 SF
Availability

7 Spaces

76,926 SF
For Lease Contact for pricing
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Former Pritchard Brothers Plumbing Building

433 Madison Ave, Downtown Memphis, Memphis, TN
Property

Retail

4,210 SF
Availability

1 Space

4,210 SF
Year Built

1903
For Lease

$17.00/SF/YR
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3711-3721 Lamar Ave

3711-3721 Lamar Ave , Oakville, Memphis, TN
Property

Retail

1,200 SF
Availability

2 Spaces

1,200 SF
For Lease

$12.00 - $15.00/SF/YR
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Yorkshire Square

Yorkshire Square, Eastgate, Memphis, TN
Property

Retail

9,765 SF
Availability

3 Spaces

15,816 SF
Year Built

1966
For Lease Contact for pricing
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Shelby Square

6990 East Shelby Drive, Hickory Hill, Memphis, TN
Property

Retail

145,073 SF
Availability

3 Spaces

8,835 SF
Year Built

1989
For Lease Contact for pricing
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2151-2159 Central Avenue

2151-2159 Central Avenue, Cooper - Young, Memphis, TN
Property

Retail

17,300 SF
Availability

1 Space

1,895 SF
For Lease

$32.92/SF/YR
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715 W Brookhaven Cir

715 W Brookhaven Cir, Brennan, Memphis, TN
Property

Retail

3,971 SF
Availability

1 Space

3,927 SF
Year Built

1952
For Lease Contact for pricing
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700 Mt Moriah Road

700 Mt Moriah Road, Eastgate, Memphis, TN
Property

Retail

7,235 SF
Availability

1 Space

1,600 SF
For Lease Contact for pricing
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6170 Macon Rd, Memphis, TN

6170 Macon Rd, Shelby Farms Park, Memphis, TN
Property

Retail

89,045 SF
Availability

3 Spaces

15,300 SF
Year Built

1986
For Lease Contact for pricing
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258 Poplar Avenue

258 Poplar Avenue, Uptown Memphis, Memphia, TN
Property

Retail

7,500 SF
Availability

1 Space

1,657 SF
For Lease

$19.19/SF/YR
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Retail Space Rents in Memphis, TN

Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Memphis asks $15.19 per square foot.

Retail Space Lease Types in Memphis, TN

The most common type of lease agreement you’ll find here is NNN, with 36 space(s) available under this type of arrangement. The local market is also home to 13 retail space(s) offered under a Modified Gross lease agreement type, and 1 Full Service listing(s).

Most Common Type of Lease for Retail Buildings in Memphis, TN

NNN 36
Modified Gross 13
Full Service 1

Average Size of Retail Space for Lease in Memphis, TN

The average size for this type of rental opportunity in Memphis is 1,000 sqft to 2,500 sqft. Currently, the local market offers 89 listing(s) within that size range. You can also search 51 listing(s) in the more than 5,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.

Retail Space Types You Can Lease in Memphis, TN

Retail space in Memphis comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Restaurant and you can find 4 such space(s) available.  

Restaurant spaces listed for rent here have an average size of 3,523 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.

The local market is also home to 3 space(s) listed as Street Retail. The average size you can expect to find for this category is 11,527 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.

However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.

Top Locations to Lease Retail Space in Memphis, TN

In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.

Cordova is your top choice for lease opportunities, as it is currently home to the highest number of listings — 36 retail space(s). The most popular space type here is Restaurant. You can find 2 such listing(s) here.

Memphis’s second most popular area is Whitehaven, where you can find 26 retail listing(s).

Hickory Hill is also among the best areas to search for your next commercial space. Here you can find 15 retail space(s) available for consideration by prospective tenants, of which 1 are Street Retail.

Top Locations to Lease Retail Space in Memphis, TN

Cordova

36

Whitehaven

26

Hickory Hill

15

Downtown Memphis

13

Eastgate

11

Key Factors to Consider When Choosing a Retail Space for Lease

When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.

Data based on retail spaces listed for rent on CommercialSearch.com

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