On average, listings lease in the $20's per square foot per year. The Collierville submarket is going through a an increase in rates. In the last 3 months, the median rate went up $22 per sqft per year.
In the last 90 days, 7 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,960 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 1 floors. Most buildings in this market were built in 2005 and are Class B.