Commercial Real Estate in Memphis Airport-Offices, Warehouses, and Retail for Lease

Demand for office space in MEM remains strong due to the submarket’s strategic location near Memphis International Airport and major highways. Both professional services and logistics-related firms are actively seeking modern, well-located spaces. Office vacancy rates are moderate, and availability is balanced, allowing tenants to secure suitable spaces quickly. Businesses benefit from a combination of accessibility, infrastructure, and established commercial activity supporting sustained demand.

Yes, Memphis Airport submarket offers a favorable environment for CRE investment. Industrial, office, and retail sectors experience strong demand supported by FedEx hub activity and highway access. Lease rates remain competitive, and airport expansion projects enhance long-term property value. Investors can expect stable occupancy, reliable rental income, and potential appreciation. Both short-term cash flow and long-term growth make MEM an attractive option for strategic commercial investments.

Comparing lease rates requires reviewing listings on LoopNet, Crexi, and Boxer Property by filtering property type, square footage, and location. Consider differences in building class, amenities, accessibility, and lease structure. Analyzing rates across submarkets, including Airways Boulevard, Shelby Oaks Corporate Park, and Appling Farms Parkway, helps identify cost-effective options while meeting operational needs. Detailed comparison ensures tenants choose spaces offering value, convenience, and strategic positioning for their business.

Yes, industrial properties in MEM submarket provide dock-high loading options suitable for logistics, distribution, and manufacturing operations. Warehouses in Shelby Oaks Corporate Park and Appling Farms Parkway include high ceilings, large floorplates, and modern material handling capabilities. Properties are located near highways and the airport, supporting efficient transportation. Flexible lease terms are available to accommodate businesses of different sizes, allowing companies to operate efficiently in a submarket with strong industrial demand.

Retail leases typically range from three to five years, often with renewal options negotiated with landlords. Terms may include net, double-net, or triple-net (NNN) structures, where tenants may pay taxes, insurance, and maintenance. Landlords may provide tenant improvement allowances to adapt spaces for operational needs. Retail leases are designed to balance landlord security with tenant flexibility, allowing businesses to establish a presence in high-traffic, accessible Memphis Airport locations while controlling operational costs.

NNN leases require tenants to pay property taxes, insurance, and common area maintenance in addition to rent. Full-service leases include all operating costs within the rent payment. NNN is common for retail and industrial properties, giving tenants control over expenses. Full-service leases are more common for office properties, where costs are bundled for convenience. Understanding the difference ensures businesses choose the lease type that aligns with operational budgeting and cost management strategies.

Closing a CRE investment deal in MEM submarket typically takes 30 to 60 days, depending on financing, property due diligence, inspections, and regulatory requirements. Experienced buyers with pre-approved financing may expedite the process. Industrial and retail properties generally close faster than complex mixed-use developments. Engaging a commercial broker early ensures proper documentation, smooth negotiations, and timely completion while minimizing delays and ensuring compliance with local market regulations.

Some landlords in MEM offer leases without a personal guarantee, typically for established businesses with strong credit or corporate-backed entities. Terms vary by property size, tenant financials, and lease duration. Removing the personal guarantee reduces individual liability while maintaining access to high-quality office spaces. Tenants can negotiate lease terms and security deposits to accommodate their business needs while securing professional-grade office space in a prime commercial submarket near Memphis International Airport.

Tenant improvement allowances vary based on property type, lease duration, and landlord policies. Office spaces generally receive $15–$35 per square foot, while retail and industrial spaces may receive different allowances depending on build-out requirements. Allowances are applied toward customizing the property to meet operational or branding needs. Proper negotiation ensures tenants can modify the space efficiently, resulting in functional, attractive, and compliant facilities for businesses operating in the Memphis Airport submarket.

Commercial real estate in MEM submarket provides a solid hedge against inflation due to long-term lease structures, rent escalation clauses, and tangible asset value. Industrial and office properties near the airport maintain strong demand, supporting stable rental income. Property appreciation over time protects investors from currency devaluation, while diversified tenant bases reduce risk. CRE offers both income stability and capital preservation, making it a reliable option for mitigating inflationary effects in 2025 and beyond.

Lease rates vary by property type and location. Office space typically ranges from $11 to $26 per square foot annually, while retail properties range from $7 to $36 per square foot. Industrial warehouses lease for $5 to $12 per square foot. Rates reflect proximity to the airport, highways, and modern infrastructure. Tenants can select properties that match operational needs and budgets, benefiting from flexible lease terms and opportunities in a high-demand commercial submarket.

Yes, small commercial properties are available for investment, including retail units, office buildings, and industrial parcels. These properties provide rental income potential and long-term appreciation in a logistics-focused submarket. Investors benefit from the Memphis Airport area’s high occupancy rates, strong demand, and proximity to major transportation hubs. Smaller investments allow portfolio diversification, manageable entry costs, and flexibility in property management. Strategic locations also ensure consistent tenant interest and stable returns over time.

Cap rates are competitive in MEM, reflecting strong demand and market stability. Office properties typically range from 6–8%, retail spaces from 7–9%, and industrial properties around 6–7%. Rates are consistent with regional averages and account for the submarket’s strategic location, tenant demand, and logistics advantages. Investors can expect stable net operating income due to high occupancy and consistent lease demand, making the submarket an attractive option for both short-term cash flow and long-term capital growth.

Yes, many office spaces offer flexible lease terms and sublease opportunities. Properties along Poplar Avenue and Timber Creek Drive provide short-term and long-term lease options suitable for growing or relocating businesses. Flexible arrangements allow tenants to scale operations, reduce costs, and access premium office environments without long-term commitments. Sublease options also enable companies to temporarily occupy high-demand spaces while maintaining operational flexibility and minimizing financial risk in a competitive commercial market.

Scheduling a tour or requesting a quote is simple through platforms like LoopNet, Crexi, or by contacting Boxer Property directly. Listing agents provide detailed property information, leasing options, and can arrange in-person or virtual viewings. Early engagement helps tenants access the best available spaces, compare rates, and make informed decisions. Agents can tailor recommendations for office, retail, or industrial properties to match specific business needs in Memphis Airport submarket.

Startups benefit from flexible office suites, co-working environments, and small turnkey spaces in Horizon Business Center or along Airways Boulevard. These spaces offer scalability, lower initial costs, and access to shared amenities like conference rooms and internet infrastructure. Proximity to Memphis International Airport supports client and logistics needs. Flexible lease terms allow startups to grow without committing to long-term leases, creating an ideal environment for emerging businesses seeking cost-effective, professional-grade spaces.

Law firms should consider professional office spaces along Poplar Avenue, Peabody Place, and Airways Boulevard. These locations provide secure, well-maintained suites with conference rooms and client-friendly amenities. The proximity to courthouses, clients, and key service providers makes these offices ideal. Flexible lease terms and modern facilities ensure operational efficiency. Professional-grade environments in central locations allow law firms to maintain a reputable presence while benefiting from accessibility and modern infrastructure.

Yes, build-to-suit properties are offered near MEM, particularly along Airways Boulevard and major arterials. Developers and the Memphis-Shelby County Airport Authority provide opportunities to construct custom properties tailored to franchise operational requirements. Build-to-suit projects allow businesses to control layout, design, and functionality, ensuring efficiency and brand alignment. High-visibility locations support customer access and operational logistics, making this option ideal for franchises seeking long-term presence in a growing commercial submarket.

Yes, the MEM submarket provides flexible solutions for remote and hybrid teams. Options include co-working spaces, shared offices, and small private suites with modern infrastructure. These spaces offer meeting rooms, high-speed internet, and professional environments while accommodating hybrid work arrangements. Flexible lease terms allow businesses to scale space usage up or down, providing operational efficiency and cost control. These solutions ensure remote or hybrid teams can maintain productivity in a strategic Memphis Airport location.