Pleasant Acres Office Space For Lease

Pleasant Acres

Market Report

Number of Listings For Lease
Posted in the last 90 days
7
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
980

Pleasant Acres Commercial Real Estate

Find Pleasant Acres 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 Pleasant Acres commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Pleasant Acres Rates

The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Pleasant Acres region is seeing a an increase in rates. In the last 3 months, the median rate for lease increased $9 per sqft per year. That's a 37% increase in rent.

Compared to the rest of the Memphis commercial real estate market, the Pleasant Acres submarket has greater rates for rent, and you may need to pay a premium to be in this hot region.

Pleasant Acres Listing Supply

In the last 90 days, 48 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard size for office space in this area is around 980 sqft. Most buildings in this area are approximately 9 stories. Most buildings in this area were built around 1973 and are Class B.

Pleasant Acres Community

A large portion of this area is residential, but there's plenty of office space. Utilities is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Pleasant Acres folk. Commuting close to 20 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 Pleasant Acres.
Research