One Memphis Place — Lease in Memphis, TN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Memphis, TN 38103

Description

One Memphis Place offers an opportunity for office users of any size to succeed and thrive. This beautiful and modern glass structure provides stunning views, 24/7 security, covered and secured parking featuring a connecting sky-bridge, and an adjacent private park. Recent capital projects include new full-service management office, parking garage upgrades (enhanced security features, improved lighting, restriping and numbering of spaces, ground floor lobby improvements (new revolving door, modern flooring, and digital directory). Current projects include a tenant amenity lounge with food service option, elevator modernization, and implementation of ESG-carbon footprint program.

Market Context

This office in Memphis, TN is listed for lease. It has been on the market for 195 days. Compare it against other office listings for lease in Memphis, TN — view the full market.

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).

Estimated Market Rate

$17.18/SF/mo – $20.86/SF/mo

Mid: $18.14/SF/mo

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

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