Depot Planning District Office Space

Depot Planning District

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Depot Planning District Rates

Most listings are in the $20's per square foot per year. The Depot Planning District region is experiencing a a boost in rates. In the last 3 months, the median rate increased $23 per sqft per year. That's a Inf% increase in rent.

Compared to the rest of the Memphis market, the Depot Planning District region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Depot Planning District Listing Supply

In the last 90 days, 4 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,050 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 1972 and are Class B.

Depot Planning District Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Depot Planning District residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.