01
Industries like Logistics, Healthcare, Manufacturing dictate where weekday traffic lives—align site selection accordingly.
Professional Market Research
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.
Market size: 1.3M consumers. Household income: $48,000.
65 readiness score (B)
1,348,000 metro residents
$48,000 average income
1,348K
Metro Population
$48K
Avg Income
Moderate
Business Density
5
Major Industries
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Explore Memphis visually. Our AI identifies micro-locations where customer demand exceeds current supply—your competitive advantage.
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Location Finder
Memphis, United States
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✓ Competitor map
✓ Foot traffic data
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Competitor Locations
Opportunity Zones
High Traffic Areas
1,348,000 potential customers in metro area
500+ businesses helped
Real-time market data
AI-powered recommendations
Memphis Business Environment
Market Insights
- Market size: 1.3M consumers. Household income: $48,000.
- Commercial space at $20/sqft; local earnings at $48K. Ratio: 2.0x.
- Foot traffic index: 68/100. Rent: $20/sqft. Balance visibility vs. cost.
- Metro size (1.3M) combined with 68 traffic index shapes accessibility.
- High growth trajectory. Moderate saturation level.
- Budget-friendly at $20/sqft. Expand your footprint or keep costs lean.
- Logistics/Healthcare employers dominate. $48,000 income benchmark.
- Located in Tennessee, United States with USD currency
Top Industries
Logistics
Healthcare
Manufacturing
Entertainment
Retail
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Memphis Neighborhood Analysis
Discover the best neighborhoods for your business type in Memphis
Memphis offers a mix of commercial settings including the central business district, neighborhood retail corridors, and emerging development areas—each with unique rent-to-traffic dynamics
In Memphis, balancing rent costs with customer accessibility is critical—many thriving businesses find sweet spots in secondary corridors near major thoroughfares
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
B
65
Overall Score
12
market size
12
income level
12
business activity
13
foot traffic
16
growth outlook
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
View analysis
Retail Store in Memphis
Find high-traffic retail locations with ideal customer demographics
View analysis
Coffee Shop in Memphis
Locate areas with morning traffic and office worker density
View analysis
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:
Medical Clinic
Dental Office
Pharmacy
Entertainment
Entertainment districts generate high foot traffic and impulse purchases
Best Business Types:
Restaurant
Bar/Nightlife
Retail Store
Cost Analysis
Cost of Operations in Memphis
Financial breakdown for a 1,500 sq ft location
Startup Investment
Basic Setup
3 months rent + basics
Standard Buildout
6 months rent + furnishing
Premium Finish
12 months rent + premium
Monthly Operating
Rent (1,500 sqft)
$30,000
Utilities & Services
$3,000
Labor (2 employees)
$3,840
Total Monthly
Break-even target
Cost Insights
Affordable rent at $20/sqft enables competitive pricing strategies
Memphis Market Entry Timing
Data-driven signals for optimal business launch timing
48
/ 100
Moderate - Strategic Entry
With moderate saturation, Memphis rewards operators who execute fundamentals exceptionally well. Invest in staff training, consistent quality, and local community engagement over the next 6-12 months to build sustainable advantage.
Entry Timing Factors
📈
High growth outlook - strong expansion timing
⚖️
Moderate competition - balanced market entry
Market Signals
Memphis Insights That Guide Expansion
Each metric is generated for this city so every page tells a different story about demand, rents, and timing.
02
With 68/100 foot traffic and moderate competition, Memphis offers balanced risk-reward for new concepts.
03
A 900-sq-ft space at $20/sq ft equates to 4.5x local income, so contribution margins must stay premium.
04
With 68/100 walk-by demand (~14% below peers), you can calibrate staffing to catch organic spikes.
05
The metro catchment is 2.1x larger than city limits (1,348,000 vs 628,000), opening suburban roll-out paths once the core site is stable.
FAQ
Frequently Asked Questions About Memphis
Answers refresh based on Memphis's live data so there's no duplicate copy across cities.
Can I rely on organic foot traffic in Memphis?
Yes—pedestrian flow scores 68/100, about 14% below the cross-market average, so plan signage and staffing around steady discovery.
How far can I scale within the Memphis metro?
The metro area pulls 2.1x the population of city proper, so once the flagship location performs you can replicate into surrounding districts without leaving the DMA.
How crowded is the Memphis market?
The Memphis market runs at moderate saturation. With $48,000 incomes and $20/sqft rents, calibrate your unit economics to outperform entrenched players.
What growth trajectory is Memphis on?
Memphis carries a high growth potential rating, which shapes whether you sprint into multi-unit rollout or pace hiring.
How expensive is retail space relative to incomes in Memphis?
A 900-sq-ft footprint at $20/sq ft runs roughly 4.5x the local average income ($48,000). Layer in menu engineering or ticket-size plays to offset the rent load.
Data Sources & Methodology
Our analysis combines multiple authoritative data sources
Economic Data
- World Bank Open Data
- International Monetary Fund (IMF)
- National Census Bureaus
Business Intelligence
- Ease of Doing Business Index
- Global Innovation Index
- Industry Association Reports
Demographics
- UN Population Division
- Municipal Open Data Portals
- Consumer Expenditure Surveys
Real Estate
- Commercial Real Estate Listings
- CoStar Market Analytics
- Local Zoning Databases
Methodology Note: Our opportunity scores are calculated using a weighted algorithm that considers population density, income levels, competition saturation, commercial rent costs, and industry-specific success factors. Data is refreshed quarterly from authoritative sources. Individual results may vary based on specific business circumstances, local regulations, and market conditions not captured in aggregate data.
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