Midtown Office Space

Midtown

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
6,430
As of: December 5, 2016

Midtown Rates

Most listings are in the $20's per square foot per year. The Midtown submarket is going through a a boost in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 32% rise in rent.

Compared to the rest of the Memphis market, the Midtown region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Midtown Listing Supply

In the last 90 days, 10 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 6,430 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this area were built in 1963 and are Class Class C.

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 residents. Commuting around 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