Compared to the rest of the Memphis market, the Downtown Memphis submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 48 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the listings in the Downtown Memphis are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,450 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 4 floors. Most buildings in this region were built in 1923 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Memphis residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.