The typical asking rate per listing is in the $20's per square foot per year. The Shelby County region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decline in rent.
In the last 90 days, 60 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available leases in the Shelby County are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1995 and are Class A.