Most listings are in the $10's per square foot per year. The Balmoral region is seeing a a rise in rates. In the last 3 months, the median rate went up $16 per sqft per year.
Compared to the rest of the Memphis market, the Balmoral region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 0 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the available leases in the Balmoral 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 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 420 sqft. Most buildings in this region are around 1 stories. Most buildings in this area were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Balmoral folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.