Industrial Average Rent Costs in Memphis, TN
The average asking rent for industrial space in Memphis is $7.96 per square foot based on our latest listing data.
Rents here range between $5.25 and $10.5 per square foot.
Available Industrial Inventory in Memphis, TN
There are currently 205 industrial properties listed for lease in Memphis, totaling 18,023,962.8 square feet.
The average size of an industrial property listed for lease here is 68,706 square feet.
Listed properties range from 189 to 787,000 square feet.
No. of Listings
Total Space (Sq. Ft.)
Average Size (Sq. Ft.)
Space Range (Sq. Ft.)
205
18,023,962.8
68,706
189 - 787,000
Types of Industrial Properties for Lease in Memphis, TN
The most common industrial property type currently listed in Memphis is Warehouse/Distribution with 148 currently on PropertyShark.
Space sizes for this property type start at 1,449 square feet, while the maximum size of a space in this category is 654,080 square feet.
The Memphis industrial market is also home to Flex - Industrial 30 listings, which offer space between 1,120 and 28,250 square feet.
There are also 13 Manufacturing spaces here.
Property sizes in this category start at 1,400 square feet, reaching up to 787,000 square feet.
Use Type
No. of Listings
Total Sq.Ft.
Warehouse/Distribution
148
13,777,883
Flex - Industrial
30
220,271
Manufacturing
13
1,197,326
Warehouse
7
525,053
Office-Warehouse
2
55,085
Quality Industrial Space in Memphis, TN
Memphis currently offers 28 listings for industrial space classed A or A+, totaling 67,692,962 square feet of space. Class A space is the best a market can offer, being located in prime locations with excellent accessibility and state-of-the-art features.
The market also houses 82 listings for Class B space, which can offer competitive prices in conjunction with advantageous characteristics.
Additionally, you can find 12 listings for industrial space listed as Class C, which may trade off some modern amenities in exchange for lower costs.
Industrial Buildings in Memphis, TN by Completion Year
- Before 1950
108
- 1950 - 2000
831
- After 2000
98
Industrial Space in Memphis, TN by Completion Year
- Before 1950
20,950,514 Sq.Ft.
- 1950 - 2000
112,963,544 Sq.Ft.
- After 2000
34,031,977 Sq.Ft.
The data presented in this table was collected based on industrial spaces for rent listed on PropertyShark.com and was last updated on September 10, 2026.
Property Class
Min. Rental Rate
Max. Rental Rate
Class B Industrial Properties
$7
$8.5
Class C Industrial Properties
$4.5
$4.5
Approximately 9% of industrial properties in Memphis were built since the year 2000, generally indicating higher quality amenities and potential for savings in maintenance costs.
Top Neighborhoods for Industrial Space in Memphis, TN
Parkway Village currently has the most industrial space for lease out of all of Memphis’s neighborhoods with 99 listings, totaling 9,796,829 square feet.
Other neighborhoods in the city for industrial leasing opportunities include:
- Hickory Hill, with a total of 30 listings, adding up to 2,082,614 square feet.
- Whitehaven, with 24 listings, which total 701,545 square feet.
Neighborhood
No. of Listings
Total Listings Sq. Ft.
Parkway Village
99
9,796,829
Hickory Hill
30
2,082,614
Whitehaven
24
701,545
Oakhaven
16
1,294,496
Southgate
12
268,531
5366 Crestview Road, Raleigh, Memphis, TN