Depot Planning District Industrial

Depot Planning District

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
20,000
As of: July 27, 2017

Depot Planning District Rates

The typical asking rate per listing is in the $20's per square foot per year. The Depot Planning District submarket is going through a a rise in rates. In the last 3 months, the median rate went up $20 per sqft per year.

Compared to the rest of the Memphis market, the Depot Planning District submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.

Depot Planning District Listing Supply

In the last 90 days, 16 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Depot Planning District 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 20,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 1 floors. Most buildings in this area were built in 1972 and are Class B.

Depot Planning District Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Depot Planning District residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Depot Planning District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Depot Planning District.
Research