Compared to the rest of the Memphis market, the Midtown submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 23 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 187% of the listings in the Midtown 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,910 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this region were built in 1947 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Midtown occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.