Market Segments
in Downtown Memphis . . .
Hospitality
Office
Residential
Retail
View a list of . . .
Available Office
Properties in Downtown
Links to Top Downtown Employers
Methodist Hospital
First Tennessee Bank
Veterans Administration Medical Center
Regional Medical Center
St. Jude Children's Research Hospital
AutoZone
University of Tennessee Medical School
Guardsmark
National Bank of Commerce
Morgan Keegan
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market segment: office
Downtown Memphis is the legal, financial, and
governmental hub for the region and is the premier office district in the
metropolitan statistical area (MSA). And with a workforce population topping
80,000, it is the largest employment center in the MSA.
Downtown offers more than 3.4 million square feet of Class A and B office space,
and occupancy rates are a healthy 84 percent (88 percent in Class A space).
Space leases for only $13-21 per square foot - a figure that prompted
Expansion Management magazine to recently rate Memphis the
sixth-least-expensive downtown office market in the nation.
Plenty of business locations are still available Downtown, varying from existing
20-plus-story office buildings to historic warehouses to two- and three-story
buildings - all of which can be customized for almost any office need. In
addition, prime land is still available for new construction, ranging from 1/3
of an acre to land assemblage that exceeds 25 acres.
Notable
Employers in the Downtown Office Market:
|
Methodist Hospital
First Tennessee Bank
Veterans Administration Medical Center
Regional Medical Center
St. Jude Children's Research Hospital
AutoZone
UT Medical School
Guardsmark
National Bank of Commerce
Morgan Keegan
|
6,700 employees
2,700 employees
1,875
employees
1,775 employees
1,700 employees
1,000 employees
950
employees
900 employees
775 employees
750
employees |
The world-renowned St. Jude Children's Research Hospital is in the midst of
a $1 billion expansion of its downtown medical campus, including 1 million
square feet of new office/research space. St. Jude will hire an additional 2,000
employees over the next 3 years.
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