Memphis, TN industrial asking rent
Memphis, TN: $4.36/sf NNN asking rent, 7.7% vacancy, $5.84 below the cited national $10.20/sf. Cushman & Wakefield Q1 2026.
Q1 2026 figures
- Overall asking rent (NNN, all property types)
- $4.36/sf/yr
- Overall vacancy
- 7.7%
Source / as of: Cushman & Wakefield, United States Industrial Marketbeat, Q1 2026 (preliminary). Overall weighted asking rent, NNN, all property types. JLL national figure: JLL, United States Industrial Market Dynamics, Q1 2026. Average direct asking rate. The two national series are not blended.
Compared with the cited national figures
Memphis, TN ranks 1 of 83 metros in the Marketbeat when ordered by overall asking rent, from lowest to highest. Its asking rent of $4.36 per square foot is $5.84 below the Cushman & Wakefield national figure of $10.20 per square foot. Vacancy is 7.7%, compared with the cited national vacancy of 7.0%.
JLL reports a national average direct asking rate of $10.34 per square foot and national vacancy of 7.5% for Q1 2026. That series is shown alongside the Cushman & Wakefield figures and is not subtracted from or blended with the Memphis, TN rent.
Adjacent asking rents in the same report
- Columbia, SC: $5.28/sf/yr, vacancy 6.0%
All 83 metros are listed on the warehouse costs by city guide. For a quote on space, use the warehouse quote form.