Most listings are in the $10's per square foot per year. The Monroe Avenue Residents Coalition region is seeing a an increase in rates. In the last 3 months, the median rate increased $17 per sqft per year.
Compared to the rest of the Memphis market, the Monroe Avenue Residents Coalition region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 100% of the office spaces in the Monroe Avenue Residents Coalition are subleases, so you might be able to find a shorter term or below market rent. 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 1,400 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 1963.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Most of the occupants of Monroe Avenue Residents Coalition work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.