What does warehouse space cost per square foot in Memphis TN?

As of 2023, the average warehouse space cost in Memphis, TN is around $5 to $10 per square foot per year. However, the cost can vary depending on several factors, including location, size, amenities, and lease terms.

* Location: Warehouse space in more central or sought-after areas of Memphis will likely be more expensive than space in less desirable locations.

* Size: Larger warehouses will typically command a lower price per square foot than smaller warehouses.

* Amenities: Warehouses with more amenities, such as loading docks, temperature-controlled storage, and security systems, will be more expensive than warehouses with fewer amenities.

* Lease terms: Longer lease terms will usually result in a lower price per square foot than shorter lease terms.