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.
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.