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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Pleasant Acres region is seeing a an increase in rates. In the last 3 months, the median rate for lease increased $9 per sqft per year. That's a 37% increase in rent.
Compared to the rest of the Memphis commercial real estate market, the Pleasant Acres submarket has greater rates for rent, and you may need to pay a premium to be in this hot region.
In the last 90 days, 48 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 980 sqft. Most buildings in this area are approximately 9 stories. Most buildings in this area were built around 1973 and are Class B.
A large portion of this area is residential, but there's plenty of office space. Utilities is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Pleasant Acres folk. Commuting close to 20 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 Pleasant Acres.
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