On average, listings lease in the $20's per square foot per year. The Southeast Memphis submarket is going through a an increase in rates. In the last 3 months, the median rate increased $21 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Memphis market, the Southeast Memphis region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 24 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,290 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1985 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Most of the occupants of Southeast Memphis work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.