East Memphis, Tennessee, December 5, 2025
A group of local investors has purchased a Class A office building in East Memphis for $33.5 million, signifying robust growth in the city’s commercial real estate market. The acquisition reflects strong demand for high-quality office spaces, particularly in the East Memphis submarket, which boasts an impressive occupancy rate of 91.2% for Class A properties. As investment interest continues to rise, factors such as strategic location and proximity to transportation hubs contribute to the area’s attractiveness for both local and national investors.
Investors Acquire Class A Office Building in East Memphis for $33.5 Million
A promising indication of growth in Memphis’s commercial real estate market
Memphis, Tennessee – A group of local investors has acquired a Class A office building in East Memphis for $33.5 million. This acquisition reflects the ongoing strength and appeal of Memphis’s commercial real estate market.
The property, located in the East Memphis submarket, was purchased by the local investment group for $33.5 million. This transaction underscores the sustained demand for high-quality office spaces in the region. The specific address and previous ownership details of the building have not been disclosed.
Memphis Office Market Overview
As of the third quarter of 2025, Memphis’s office market has demonstrated resilience. The East Memphis submarket, in particular, has seen significant activity, with Class A office spaces achieving an occupancy rate of 91.2%. This is notably higher than the 78.3% occupancy rate for Class B and C properties in the area. The average asking rent for Class A spaces in East Memphis is approximately $30.78 per square foot, indicating a robust demand for premium office spaces.
Investment Climate in East Memphis
The East Memphis area continues to attract both local and national investors. Factors contributing to this trend include the submarket’s strategic location, proximity to major transportation hubs, and a diverse tenant base. The area’s infrastructure and amenities make it a desirable location for businesses seeking quality office environments.
Conclusion
The recent acquisition of the Class A office building in East Memphis highlights the area’s strong commercial real estate market. With high occupancy rates and sustained demand for premium office spaces, Memphis remains an attractive destination for investors and businesses alike.
Frequently Asked Questions (FAQ)
What is the location of the recently acquired office building?
The office building is located in the East Memphis submarket of Memphis, Tennessee.
Who acquired the office building?
A group of local investors purchased the Class A office building for $33.5 million.
What is the occupancy rate for Class A office spaces in East Memphis?
As of the third quarter of 2025, Class A office spaces in East Memphis have an occupancy rate of 91.2%.
What is the average asking rent for Class A office spaces in East Memphis?
The average asking rent for Class A office spaces in East Memphis is approximately $30.78 per square foot.
What factors contribute to the attractiveness of East Memphis for investors?
East Memphis’s strategic location, proximity to major transportation hubs, and diverse tenant base make it an attractive area for investors.
Key Features of the Acquisition
| Feature | Details |
|---|---|
| Location | East Memphis submarket, Memphis, Tennessee |
| Purchase Price | $33.5 million |
| Occupancy Rate for Class A Office Spaces in East Memphis | 91.2% as of Q3 2025 |
| Average Asking Rent for Class A Office Spaces in East Memphis | $30.78 per square foot |
| Factors Contributing to Attractiveness | Strategic location, proximity to major transportation hubs, diverse tenant base |
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Author: STAFF HERE MEMPHIS WRITER
The MEMPHIS STAFF WRITER represents the experienced team at HEREMemphis.com, your go-to source for actionable local news and information in Memphis, Shelby County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Beale Street Music Festival, Elvis Week, and Memphis in May International Festival. Our coverage extends to key organizations like the Greater Memphis Chamber and the Memphis Convention & Visitors Bureau, plus leading businesses in logistics, healthcare, and music that power the local economy such as FedEx, St. Jude Children's Research Hospital, and AutoZone. As part of the broader HERE network, including HEREBristol.com, HEREChattanooga.com, HEREKnoxville.com, and HERENashville.com, we provide comprehensive, credible insights into Tennessee's dynamic landscape.
