Office for Sale in Memphis, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Memphis, TN 38119

Description

~8,000 RSF Ground Floor Availability on Poplar Avenue One of the most convenient & assessible office properties in all of Memphis. The Hobson Building is a 5 story office building that was built in 1972 and renovated 2019.

Market Context

This office in Memphis, TN is listed for sale. It has been on the market for 148 days. Compare it against other office listings for sale in Memphis, TN — <a href="/search/sale/office/tennessee/memphis">view the full market</a>.

As of Q1 2026, the Memphis office market showed a 6.0% vacancy rate, average asking rents near $55.08/SF/yr, and rents up 0.4% year over year. Source: CBRE Q1 2026 market report.

Tight vacancy keeps competition for quality space elevated.

Office market FAQ

Is the Memphis office market tightening or softening?
Vacancy is around 6.0% (Q1 2026).

Unified Estimate

Very Low Confidence

$25.73/SF – $34.81/SF

Mid: $30.27/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market chicago (similarity: 100%) with 11 comparable listings.

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