Downtown Memphis Office Space

Downtown Memphis

Office Space Market Report

Number of Listings (last 90 days)
26
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
2,700
As of: December 5, 2016

Downtown Memphis Rates

On average, listings lease in the $10's per square foot per year. The Downtown Memphis submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decrease in rent.

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

Downtown Memphis Listing Supply

In the last 90 days, 26 listings have been posted online, which means spaces 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 2,700 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 5 stories. Most buildings in this area were built in 1923 and are Class A.

Downtown Memphis Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Memphis folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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