Memphis Medical

Memphis

Market Report

Number of Listings
Posted in the last 90 days
42
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,050

Memphis Rates

On average, listings lease in the $20's per square foot per year. The Memphis region is experiencing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 13% increase in rent.

Compared to the rest of the Memphis market, the Memphis submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Memphis Listing Supply

In the last 90 days, 2079 listings have been posted online, so you'll want to check back regularly for new listings. About 11% of the available space in the Memphis are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,280 sqft. Most buildings in this area are close to 1 stories. Most buildings in this area were built in 1985 and are Class B.

Memphis Community

Market Data

Real time and historical data on commercial real estate listings in Memphis.
Research