Midtown Office Space

Midtown

Office Space Market Report

Number of Listings (last 90 days)
23
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
2,910
As of: June 23, 2017

Midtown Rates

Most listings are in the $10's per square foot per year. The Midtown region is experiencing a an increase in rates. In the last 3 months, the median rate increased $17 per sqft per year.

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

Midtown Listing Supply

In the last 90 days, 23 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 196% of the available space in the Midtown are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,910 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 3 floors. Most buildings in this area were built in 1927 and are Class B.

Midtown Community

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 market. Commute by public transit is the most popular way to get to work amongst Midtown folk. Commuting close to an hour 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 Midtown.
Market Report

Market Data

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