Memphis, Tennessee, is a city that seamlessly blends its rich history with modern amenities, making it an ideal location for businesses to thrive. With a population of over 600,000, Memphis offers a diverse customer base for retailers, and its strong transportation infrastructure, including the world's second-busiest cargo airport, ensures that goods can be easily transported to and from the city. The city's vibrant music scene, attractions like Graceland and the National Civil Rights Museum, and its famous barbecue joints make it a popular tourist destination, drawing in visitors from all over the world. Additionally, Memphis is home to several major corporations, including FedEx, International Paper, and AutoZone, which contribute to the city's economic growth. With its unique blend of history, culture, and commerce, Memphis is an attractive location for businesses looking to establish a strong presence in the region. The Retail Space For Lease in Memphis offers a unique opportunity for businesses to tap into the city's thriving economy, with 125 listings available, offering an average annual rent of $18 USD per square foot, with an average size of 5,526 square feet, and a maximum space size of 88,938 square feet.
Memphis's Retail Space For Lease offers a unique opportunity for businesses to establish a strong presence in the city. With its rich history, cultural attractions, and strong transportation infrastructure, Memphis is an ideal location for retailers. The city's diverse customer base, including students from the University of Memphis and Rhodes College, ensures a steady stream of potential customers. Additionally, the city's many amenities, including hospitals like Methodist Le Bonheur Healthcare and Baptist Memorial Healthcare, and parks like Shelby Farms Park and Overton Park, make it an attractive location for businesses and residents alike. Memphis is also home to a variety of other property types, including Restaurants, which can be found in popular areas like Beale Street and Cooper-Young; Medical Offices, which are often located near hospitals like St. Jude Children's Research Hospital and Regional One Health; and Office Space, which can be found in areas like downtown Memphis and the South Main Arts District. With its unique blend of history, culture, and commerce, Memphis is an attractive location for businesses looking to establish a strong presence in the region.
What is the average cost per square foot for retail space in Memphis?
The average cost per square foot for retail space in Memphis is $18 USD per square foot, with available listings totaling 125 and average space sizes ranging from 5,526 square feet to a maximum of 88,938 square feet.
How do anchor tenants affect surrounding retail space leases?
An anchor tenant, such as a large department store or grocery chain, can significantly impact surrounding retail space leases in Memphis, as they often attract a high volume of foot traffic and can increase the desirability of nearby retail spaces, leading to higher lease rates and a more competitive market, with 125 available listings of retail space for lease in Memphis, offering average annual rent of $18 USD per square foot, and average size of 5,526 square feet, with a maximum space size of 88,938 square feet.
