On average, listings lease in the $20's per square foot per year. The Shelby County submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decline in rent.
In the last 90 days, 666 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the available space in the Shelby County are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,310 sqft. Most buildings in this region are around 2 floors. Most buildings in this region were built in 1996 and are Class A.
Real time and historical data on commercial real estate listings in Shelby County.
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