Memphis Office Space

Memphis

Office Space Market Report

Number of Listings (last 90 days)
227
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
3,400
As of: July 25, 2017

Memphis Rates

On average, listings lease in the $10's per square foot per year. The Memphis submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 22% decrease in rent.

Compared to the rest of the Memphis market, the Memphis submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Memphis Listing Supply

In the last 90 days, 227 listings have come on the market, so you'll want to check back regularly for new listings. About 100% of the listings in the Memphis are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,400 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this area were built in 1985 and are Class B.

Memphis Community

Market Report

Trends and status of the commercial real estate market in Memphis.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Memphis.
Research