Memphis, TN Retail Space for Lease

Search 87 retail listings in Memphis, TN and find helpful local stats in the Market Overview section below.

2197 Central Avenue

2197 Central Avenue, Cooper - Young, Memphis, TN
Property

Retail

5,920 SF
Availability

1 Space

1,383 SF
For Lease Contact for pricing
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Park Center

3883-3951 Park Avenue, Sherwood Forest, Memphis, TN
Property

Retail

104,690 SF
Availability

2 Spaces

3,828 SF
For Lease Contact for pricing
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1685 Germantown Pkwy

1685 Germantown Pkwy, Cordova, Memphis, TN
Property

Retail

3,126 SF
Availability

1 Space

3,126 SF
Year Built

1998
For Lease Contact for pricing
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Freestanding Retail

3544 Covington Pike, Raleigh, Memphis, TN
Property

Retail

8,000 SF
Availability Contact for availability

For Lease Contact for pricing
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Centennial Village

7825 Winchester Rd Memphis, South Riverdale, Memphis, TN
Property

Retail

43,673 SF
Availability

3 Spaces

9,628 SF
For Lease Contact for pricing
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Grahamwood Crossing

4000 Summer Avenue, Berclair, Memphis, TN
Property

Retail

5,250 SF
Availability

1 Space

750 SF
For Lease Contact for pricing
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2974 Covington Pike

2974 Covington Pike, Raleigh, Memphis, TN
Property

Retail

570 SF
Availability

1 Space

570 SF
For Lease Contact for pricing
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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 $15.4 per square foot.

Retail Space Lease Types in Memphis, TN

The most common type of lease agreement you’ll find here is NNN, with 40 space(s) available under this type of arrangement. The local market is also home to 14 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 40
Modified Gross 14
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 90 listing(s) within that size range. You can also search 55 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 2,744 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 — 38 retail space(s). The most popular space type here is Restaurant. You can find 1 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

Whitehaven

Hickory Hill

Downtown Memphis

Raleigh

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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Memphis, TN Retail Space for Lease

2197 Central Avenue

Park Center

1685 Germantown Pkwy

Freestanding Retail

Centennial Village

Grahamwood Crossing

2974 Covington Pike

Retail Space Rents in Memphis, TN

Retail Space Lease Types in Memphis, TN

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

Average Size of Retail Space for Lease in Memphis, TN

Retail Space Types You Can Lease in Memphis, TN

Top Locations to Lease Retail Space in Memphis, TN

Top Locations to Lease Retail Space in Memphis, TN

Key Factors to Consider When Choosing a Retail Space for Lease

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