Compared to the rest of the Memphis market, the Downtown Memphis region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 46 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the listings in the Downtown Memphis are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,450 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 4 floors. Most buildings in this area were built in 1923 and are Class A.
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 residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.