Memphis, Tennessee, is a city that seamlessly blends its rich history with modern industrial advancements, making it an ideal location for Industrial Space For Lease. With its strategic position along the Mississippi River, Memphis has evolved into a major commercial center, particularly in transportation and logistics. The city's world-class infrastructure, including the Memphis Light, Gas and Water Division (MLGW) and the Memphis International Airport, provides a solid foundation for businesses to thrive. Additionally, Memphis is home to several esteemed institutions, such as the University of Memphis and Rhodes College, which contribute to the city's diverse and skilled workforce. The city's cultural attractions, including Graceland and the National Civil Rights Museum, also make it an attractive destination for both business and leisure travelers.
With 22 Industrial Space listings available For Lease, Memphis offers a wide range of options for businesses seeking to establish or expand their operations. The city's Industrial Space market is characterized by an average annual rent of $5 USD per square foot, with an average size of 70,475 square feet and a maximum space size of 500,000 square feet. In addition to Industrial Space, Memphis also offers a variety of other property types, including Flex Space, which provides a flexible and adaptable environment for businesses; Commercial Real Estate, which offers a range of office and retail spaces; Land, which provides opportunities for development and growth; and Restaurants, which cater to the city's diverse culinary scene. Overall, Memphis is a city that offers a unique blend of history, culture, and industrial opportunities, making it an attractive destination for businesses and investors alike.
What is the average size of industrial space for lease in the Memphis market?
On average, industrial spaces for lease in the Memphis market offer approximately 70,475 square feet of space, with a range of options available from smaller facilities to larger warehouses and distribution centers, including some as large as 500,000 square feet.
What do I need to look for when leasing an industrial space in Memphis?
When leasing an industrial space in Memphis, there are several key factors to consider to ensure you find the right property for your business needs, including:
- Location: proximity to major transportation hubs like the Memphis International Airport, Interstate 40, and Interstate 55, as well as access to the Mississippi River, can significantly impact your business's logistics and supply chain.
- Space size and layout: with an average size of 70,475 square feet and a maximum space size of 500,000 square feet, you'll want to ensure the property can accommodate your equipment, inventory, and workforce.
- Rent and utilities: with an average annual rent of $5 USD per square foot, you'll need to factor in the cost of utilities provided by the Memphis Light, Gas and Water Division (MLGW) to determine the total cost of occupancy.
