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Downtown Memphis Office Space For Lease

Downtown Memphis

Market Report

Number of Listings For Lease
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
2,090

Downtown Memphis Commercial Real Estate

Find Downtown Memphis commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Downtown Memphis commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Downtown Memphis Rates

The typical asking rate per commerial real estate listing leases is in the $10's per square foot per year. The Downtown Memphis region is going through a a rise in rates. In the last 3 months, the median rate for lease went up $3 per sqft per year. That's a 21% rise in rent.

Compared to the rest of the Memphis commercial real estate market, the Downtown Memphis region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Downtown Memphis Listing Supply

In the last 90 days, 294 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard size for office space in this area is around 2,090 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region were built close to 1923 and are Class B.

Downtown Memphis Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Memphis residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Downtown Memphis.
Research