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, per CBRE US Cap Rate Surve.

What is the retail vacancy rate in Memphis?

The retail vacancy rate in Memphis was 4.2% as of Q1 2026 (CBRE US Cap Rate Surve).

Where does PropZone's Memphis market data come from?

This report aggregates quarterly retail market data for Memphis from CBRE US Cap Rate Surve, Colliers.

Memphis Retail Market Report

By PropZone Research · Data through Q1 2026 · Aggregated from CBRE US Cap Rate Surve, Colliers

Quarterly retail market indicators for Memphis, aggregated by PropZone from CBRE US Cap Rate Surve, Colliers. As of Q1 2026, average asking rent was $25.56/SF with a 4.2% vacancy rate.

Projected current retail pricing — Memphis

low confidence

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 CBRE US Cap Rate Surve 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%	—	—	CBRE US Cap Rate Surve
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, per CBRE US Cap Rate Surve.
What is the retail vacancy rate in Memphis?: The retail vacancy rate in Memphis was 4.2% as of Q1 2026 (CBRE US Cap Rate Surve).
Where does PropZone's Memphis market data come from?: This report aggregates quarterly retail market data for Memphis from CBRE US Cap Rate Surve, Colliers.

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