Memphis For Sale

Memphis

Office Space Market Report

Number of Listings (last 90 days)
227
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
3,060
As of: June 29, 2017

Memphis Rates

On average, listings lease in the $10'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 $19 per sqft per year.

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

Memphis Listing Supply

In the last 90 days, 227 listings have been posted online, so you'll want to check back regularly for new listings. About 105% of the available leases in the Memphis are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,060 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this market were built in 1985 and are Class B.

Memphis Community

Market Report

Trends and status of the commercial real estate market in Memphis.
Market Report

Market Data

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