The typical asking rate per listing is in the $20's per square foot per year. The Memphis region is going through a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 10% rise in rent.
Compared to the rest of the Memphis market, the Memphis region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 2079 listings have been listed, so you'll want to check back regularly for new listings. About 10% of the available leases in the Memphis are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,560 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 1 floors. Most buildings in this market were built in 1985 and are Class B.
Real time and historical data on commercial real estate listings in Memphis.
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