MEMPHIS, Tennessee: A Premier Destination for Commercial Real Estate

Introduction

Memphis, Tennessee, stands as a dynamic hub for commercial real estate, offering a strategic position in the Mid-South with robust economic opportunities. Known for its rich history in logistics and transportation, Memphis is home to a diverse economy that includes major industry clusters such as logistics, healthcare, and manufacturing. With a population of over 650,000, the city's commercial real estate market continues to thrive, providing valuable opportunities for investors and developers alike.

Economic and Industry Overview

Memphis is renowned for its logistics industry, thanks to its strategic location and infrastructure. The city hosts the global headquarters of FedEx, a major driver of demand for industrial and office spaces. Additionally, Memphis's healthcare sector, led by institutions like St. Jude Children’s Research Hospital, fuels demand for medical office buildings and research facilities.

• Logistics: As a logistics hub, Memphis benefits from its connectivity and distribution capabilities, with significant industrial real estate demand.
• Healthcare: A growing healthcare sector drives the need for specialized commercial spaces.
• Manufacturing and Retail: These sectors contribute to the demand for industrial and retail properties.

For more on regional economic development, visit the Greater Memphis Chamber.

Strategic Location and Transportation Infrastructure

Memphis boasts a highly developed transportation network, making it ideal for commercial real estate investment.

• Highways: Interstate 40 and Interstate 55 connect Memphis to major markets.
• Airports: Memphis International Airport is a critical air cargo hub.
• Ports and Rail: The city has access to the Mississippi River and major rail lines.

For detailed transportation information, refer to the Tennessee Department of Transportation and Memphis International Airport.

Commercial Real Estate Inventory & Zoning

Memphis offers diverse commercial real estate submarkets, each with unique opportunities:

• Downtown/CBD: Features office spaces and mixed-use developments.
• Airport/Industrial Corridor: Prime for industrial and logistics facilities.
• Medical District: Concentrated around healthcare institutions.

Recent zoning changes and incentives for developers can be explored through the City of Memphis Zoning Maps.

Major Employers and Institutions

Memphis houses several major employers and institutions that fuel its commercial real estate market:

• FedEx Corporation
• International Paper
• St. Jude Children’s Research Hospital
• University of Memphis

Explore more about local businesses at the Memphis Business Directory.

Notable Commercial Developments & Projects

Significant ongoing developments include:

• Union Row: A mixed-use project with residential, retail, and office spaces.
• The Lake District: A master-planned community featuring retail, office, and residential components.
• Opportunity Zones: Various areas designated for economic revitalization.

Visit the Memphis Planning Department for development maps and updates.

Building Permits, Planning, and Development Tools

For developers and investors, Memphis provides a range of resources:

• City’s Building and Safety Department
• Permitting Portals
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Memphis offers various public data sets and economic reports:

• Census Data
• City’s Open Data Portal
• Economic Impact Reports

Brevitas leverages AI-powered aggregation to deliver comprehensive insights, inviting users to explore Brevitas-powered dashboards for Memphis.

Why Use Brevitas for MEMPHIS, Tennessee CRE?

Brevitas offers a robust platform for discovering commercial real estate opportunities in Memphis through:

• AI-driven CRE discovery
• Real-time market alerts
• Smart property pages and dealroom collaboration

Key features include:

• Auto-generated listing pages
• Email and landing page tools
• Integration with brokers and developers
• Exclusive listings and premium exposure

Explore Memphis's commercial real estate opportunities on Brevitas.