Memphis Retail Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from , Colliers
Quarterly retail market indicators for Memphis, aggregated by CREhunt from , Colliers. As of Q1 2026, average asking rent was $25.56/SF with a 4.2% vacancy rate.
Projected current retail pricing — Memphis
Projected asking rent
$25.56/SF/yr
Estimated sale value
$227–$287/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 7.0%, asking rent held flat). Assumes ~96% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $25.56/SF | 4.2% | — | — | |
| Q1 2026 | $25.56/SF | 4.2% | 3.5M SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for retail space in Memphis?
- As of Q1 2026, the average asking rent for retail space in Memphis was $25.56/SF.
- What is the retail vacancy rate in Memphis?
- The retail vacancy rate in Memphis was 4.2% as of Q1 2026.
- Where does CREhunt's Memphis market data come from?
- This report aggregates quarterly retail market data for Memphis from Colliers.
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