Downtown Memphis Office Space

Downtown Memphis

Office Space Market Report

Number of Listings (last 90 days)
37
As of: April 22, 2017

Downtown Memphis Rates

On average, listings lease in the $0's per square foot per year. The Downtown Memphis submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $19 per sqft per year. That's a 100% decrease in rent.

Downtown Memphis Listing Supply

In the last 90 days, 37 listings have been made available, which means office 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.

The standard measurement for office space in this area is around  sqft. Most properties in this region are around 4 floors. 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 market. 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