Best Business Location in Memphis
Memphis offers 1,348,000 metro customers, $48,000 average income, and moderate commercial activity—ideal conditions for data-led site selection.
Cost-effective commercial space at $20/sq ft
Memphis Business Environment
Market Insights
- Cost-effective commercial space at $20/sq ft
- Located in Tennessee, United States with USD currency
Top Industries
Memphis Neighborhood Analysis
Discover the best neighborhoods for your business type in Memphis
Memphis features diverse neighborhood types: downtown core, business districts, residential areas, and emerging zones
Each district offers distinct advantages for foot traffic, rent costs, and customer demographics
Extended metro area provides 2.1x population reach beyond city limits, supporting suburban expansion strategies
Downtown/City Center
- • Highest foot traffic density
- • Premium rental costs
- • Best for retail & restaurants
- • Excellent public transport access
Business Districts
- • High concentration of offices
- • Ideal for B2B services
- • Strong weekday traffic
- • Growing food & beverage demand
Suburban Areas
- • Lower rental costs
- • Family-oriented demographics
- • Ample parking availability
- • Good for service businesses
Emerging Areas
- • High growth potential
- • Lower competition density
- • Opportunity for early movers
- • Rising property values
Memphis Business Readiness Score
Data-driven viability assessment
Best Business Types for Memphis
Find location-specific insights for different business types in Memphis
Restaurant in Memphis
Analyze foot traffic patterns, demographics, and competition for restaurants
Retail Store in Memphis
Find high-traffic retail locations with ideal customer demographics
Coffee Shop in Memphis
Locate areas with morning traffic and office worker density
Industry Synergy Opportunities in Memphis
Top industries creating demand for specific business types
Healthcare
Healthcare clusters attract patients and create medical service demand
Best Business Types:
Entertainment
Entertainment districts generate high foot traffic and impulse purchases
Best Business Types:
Cost of Operations in Memphis
Financial breakdown for a 1,500 sq ft location
Startup Investment
Monthly Operating
Cost Insights
Memphis Market Entry Timing
Data-driven signals for optimal business launch timing
Market requires careful positioning. Conduct thorough competitive analysis and develop differentiation strategy before entry.
Entry Timing Factors
Frequently Asked Questions about Business in Memphis
What makes Memphis attractive for new concepts?
Memphis pairs moderate commercial density with $48,000 household income and anchors such as Logistics, Healthcare, Manufacturing. Market requires careful positioning. Conduct thorough competitive analysis and develop differentiation strategy before entry.
Where should I prioritize my first site?
Memphis features diverse neighborhood types: downtown core, business districts, residential areas, and emerging zones
Which industries create the strongest spillover demand?
Healthcare drives demand for Medical Clinic, Dental Office, Pharmacy, giving new entrants a built-in customer stream.
What operating costs should I plan for?
Expect about $30,000 in monthly rent with total operating costs near $36,840 for a 1,500 sq ft footprint.
Ready to Find Your Perfect Business Location in Memphis?
Turn our 65 readiness score and timing signals into a shortlist of proven sites before competitors react.