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/yr and vacancy was 4.2%, per Colliers.
Projected current retail pricing — Memphis
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Memphis retail yet, so this applies the typical cap rate across comparable retail markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 multiple brokerages asking-rent data (benchmark cap rate 6.1%–7.2%, 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 Colliers | $25.56/SF/yr | 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/yr, per Colliers.
- What is the retail vacancy rate in Memphis?
- The retail vacancy rate in Memphis was 4.2% as of Q1 2026 (Colliers).
- Where does CREhunt's Memphis market data come from?
- This report aggregates quarterly retail market data for Memphis from Colliers.