The typical asking rate per listing is in the $20's per square foot per year. The Pleasant Acres region is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Memphis market, the Pleasant Acres region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 48 listings have been posted online, so you'll want to check back regularly for new listings. About 15% of the listings in the Pleasant Acres 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,140 sqft. Most buildings in this area are around 9 stories. Most buildings in this region were built in 1973 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Pleasant Acres residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Pleasant Acres.
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