On average, listings lease in the $10's per square foot per year. The Sea Isle Park region is experiencing a an increase in rates. In the last 3 months, the median rate rose $20 per sqft per year.
Compared to the rest of the Memphis market, the Sea Isle Park region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 39 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the listings in the Sea Isle Park 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 1,200 sqft. Most properties in this area are around 1 floors. Most buildings in this market were built in 1966 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Most of the folk of Sea Isle Park work from home. Commuting around 15 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 Sea Isle Park.
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