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

Demand remains strong due to proximity to the airport and major highways. Professional services and logistics-related firms are seeking modern, well-located spaces. Vacancy is moderate with balanced availability, supporting quick tenant placement and steady interest in flexible suites and coworking.

Yes. Industrial, office, and retail sectors show strong demand supported by FedEx hub activity and highway access. Lease rates are competitive, and airport expansion projects enhance long-term value. Expect stable occupancy, reliable rental income, and potential appreciation. 

Use platforms like LoopNet, Crexi, and Boxer Property to filter by property type, square footage, and location. Consider building class, amenities, accessibility, and lease structure. Compare across Airways Boulevard, Shelby Oaks Corporate Park, and Appling Farms Parkway to balance cost, convenience, and strategy.

Yes. Many industrial properties offer dock-high loading, high ceilings, large floorplates, and modern material handling capabilities—especially in Shelby Oaks Corporate Park and Appling Farms Parkway. Locations near highways and the airport support efficient transportation with flexible lease terms.

Retail leases typically run three to five years, often with renewal options. Structures may be net, double-net, or triple-net (NNN), where tenants pay some or all of taxes, insurance, and maintenance. Tenant improvement (TI) allowances may be available to adapt spaces.

• NNN: Tenant pays taxes, insurance, and common area maintenance in addition to base rent (common for retail/industrial).
• Full-Service: Operating costs are bundled into rent (common for office).
• Choose based on budgeting preferences and operational control.

Typically 30–60 days, depending on financing, due diligence, inspections, and regulatory requirements. Pre-approved buyers can close faster. Industrial and retail often close quicker than complex mixed-use deals.

Sometimes. Landlords may waive personal guarantees for established businesses with strong credit or corporate backing. Terms vary by size, tenant financials, and lease duration. Negotiations may involve security deposits or alternative structures.

Office: generally $15–$35 per square foot. Retail and industrial vary based on build-out needs. TI is applied to customize the space for operations or branding; negotiate to align with scope and lease term.

Yes. In MEM, long-term leases, rent escalations, and strong demand—especially near the airport—support stable income and asset value. Diversified tenant bases further reduce risk. 

• Office: $11–$26/sf annually
• Retail: $7–$36/sf annually
• Industrial: $5–$12/sf annually
• Rates reflect asset type, visibility, amenities, and proximity to the airport and highways.

Yes. Options include retail units, small office buildings, and industrial parcels. Benefits include rental income potential, long-term appreciation, portfolio diversification, and high occupancy driven by logistics demand.

Competitive ranges: Office 6–8%, Retail 7–9%, Industrial 6–7%. These reflect strong demand, location advantages, and stable occupancy. 

Yes. Many offices—especially along Poplar Avenue and Timber Creek Drive—offer short- and long-term options, plus subleases. Flexibility helps scale operations and manage cost and commitment. Smart leasing tools can streamline approvals.

Use LoopNet, Crexi, or contact Boxer Property directly. Listing agents provide details, arrange in-person or virtual tours, and tailor options by asset type and budget.

Flexible office suites, coworking, and small turnkey spaces—such as in Horizon Business Center or along Airways Boulevard—offer low upfront costs, scalability, shared amenities, and fast setup. 

Consider Poplar Avenue, Peabody Place, and Airways Boulevard for secure, professional suites with conference rooms and client-friendly amenities near key services.

Yes. Build-to-suit opportunities exist near MEM, particularly along Airways Boulevard and major arterials, including options with the Memphis-Shelby County Airport Authority. These enable custom layouts and brand alignment in high-visibility locations.

Yes. Coworking spaces, shared offices, and small private suites offer high-speed internet, meeting rooms, and flexible terms, enabling scale-up/scale-down as needs change.

Connect with a Boxer Property expert to explore office, retail, or industrial opportunities in the Memphis Airport submarket. Schedule a tour, request pricing, or get tailored investment advice to find the right property for your business or portfolio.