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Whether your business is large or small, Memphis office space is available that will meet your unique requirements. With over 21 million square feet of office space in Memphis and nearby areas there is a variety of options available. Our LOCAL office space professionals will help you find that great location easily. There is no cost for them to represent you. No matter if you are looking for an office for your business start-up, moving your office to a new location, adding a branch office or moving your entire company from across the country to Memphis, our highly trained professionals will make searching for the right Memphis office space pleasant and fast.
It is a completely FREE service to help you acquire your office space. We gather your requirements regarding type of business, space, facility requirements, personal preferences and preferred submarket. Then our local pros will search the entire Memphis region, including surrounding submarkets for just the right Memphis office space. You will save lots of time because you will be able to review the choices and only visit those properties you feel are the best matches to your vision. Once you locate the Memphis office space you desire, we help you negotiate and close the best possible deal.
About Memphis
The main office submarkets in Memphis include:
CBD Downtown Office Market
The Downtown Memphis office market over the last ten years has seen quite a few large professional firms move out to the suburbs. However, there is a renaissance happening downtown with creative firms such as advertising agencies, architectural firms and PR firms. While downtown still houses City, County, State and Federal Government buildings and numerous law firms, downtown Memphis has a cultural “vibe” that attracts creative agencies, start-ups, incubators and the like. The CBD was bolstered recently by a 100,000 square foot State of Tennessee lease as well as the announcement that Raymond James would maintain its office downtown when its lease expired. Occupancy rates have dipped over the years and there are plenty of great deals to be had downtown. There aren’t many things nicer in Memphis, Tennessee than to have an office with an expansive view of the Mighty Mississippi River.
Memphis Airport
The Memphis Airport office space submarket has suffered terribly with the shift to more suburban office buildings. Most of the airport office space consists of vendors for Federal Express and anyone needing to be near FedEx or the airport itself. Because rental rates in the Airport submarket are generally more affordable than in other areas of town you tend to find more non-profits in the airport market than anywhere else in town. The area around the airport in Memphis is so heavily industrialized that the small pockets of office space are almost always occupied by those doing business in and around the airport area.
Also
The 385 Corridor
East Memphis
Northeast Memphis
Memphis, Tennessee, the largest economic center in the State of Tennessee, is one of the key economic hubs for the southern United States. With over 875,000 square feet of existing Memphis office space and plenty of light industrial and intermodal commercial real estate, Memphis has grown in recent years, becoming a major center for business, technology, healthcare and industries of all types.
Nestled along the muddy Mississippi River, Memphis remains a large metro area with a small city feel, attracting residents, businesses and visitors alike. A major cultural center the region, many visitors come each year to see Graceland, home of Elvis Presley, or to attend concerts, sporting events, cruise the Mighty Mississippi, wager on Mud Island in mid-river and famous Beale Street. The mild southern winters combine with the proximity of scenic mountains, more and more businesses seek out Memphis. St. Jude Children’s Hospital and Baptist Memorial Hospital attract the world’s elite healthcare professionals and supporting services.
No matter if you plan to rent, lease or purchase, we will help you locate the right Memphis office space or business center for you. We can help you find any type of office space Memphis has to offer, including virtual offices, serviced executive suites, medical and industrial facilities or corporate headquarters.
Memphis Office Space Markets
Useful Statistics for businesses looking for office space in Memphis
|
Memphis |
TN State |
2020 Estimated Population |
650,910 |
6,772,268 |
Median Age |
34.2 |
38.8 |
Occupied |
118,235 |
1,756,534 |
Owned |
296,519 |
4,477,640 |
Rented |
330,638 |
2,063,266 |
Average Household Size |
2.49 |
2.51 |
Rental Vacancies |
12,722 |
65,875 |
Homeowner Vacancies |
1,420 |
24,537 |
Median Home Value |
$107,100 |
$177,600 |
Median Monthly Rental Cost |
$915 |
$897 |
Median Household Income |
$26,006 |
$28,995 |
Individuals below poverty level |
87,663 |
619,888 |
Educational Attainment: High school graduate |
128,260 |
1,479,648 |
Educational Attainment: Some College |
124,688 |
1,313,494 |
Educational Attainment: Bachelor degree or higher |
67,501 |
826,947 |
Commute |
263,370 |
2,814,531 |
Commute by car, truck or other vehicle - Drive Alone |
233,504 |
2,542,954 |
Commute by car, truck or other vehicle - Carpool |
29,866 |
271,577 |
Use Public Transportation |
3,762 |
18,681 |
Work from Home |
10,925 |
194,404 |