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On average, commerial real estate listings lease in the $20's per square foot per year. The Depot Planning District submarket is experiencing a a rise in rates. In the last 3 months, the median rate for lease increased $3 per sqft per year. That's a 13% rise in rent.
Compared to the rest of the Memphis commercial real estate market, the Depot Planning District submarket has higher rates for rent, and you may need to pay a premium to be in this hot submarket.
In the last 90 days, 36 commercial real estate listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,440 sqft. Most properties in this market are approximately 1 stories. Most buildings in this area were built around 1956 and are Class .
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Depot Planning District occupants. Commuting around an hour and a half 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 Depot Planning District.
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