The typical asking rate per listing is in the $10's per square foot per year. The Balmoral submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $16 per sqft per year.
Compared to the rest of the Memphis market, the Balmoral region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 0 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About NaN% of the available leases in the Balmoral are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 420 sqft. Most buildings in this market are around 1 stories. Most buildings in this area were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Balmoral occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.