On average, listings lease in the $10's per square foot per year. The Monroe Avenue Residents Coalition submarket is going through a a rise in rates. In the last 3 months, the median rate went up $17 per sqft per year.
Compared to the rest of the Memphis market, the Monroe Avenue Residents Coalition region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 1 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,400 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1963.
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. Most of the folk of Monroe Avenue Residents Coalition work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.