Midtown Office Space


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 24, 2016

Midtown Rates

On average, listings lease in the $10's per square foot per year. The Midtown submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 15% decrease in rent.

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

Midtown Listing Supply

In the last 90 days, 4 listings have been made available, which means listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 7,960 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 3 stories. 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 area. 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.