Most listings are in the $20's per square foot per year. The Pleasant Acres region is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Memphis market, the Pleasant Acres submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 4 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,890 sqft. Most properties in this region are close to 9 stories. Most buildings in this area were built in 1973 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Pleasant Acres occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.