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: August 18, 2017

Midtown Rates

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.

Midtown Listing Supply

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.

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 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.

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