The typical asking rate per listing is in the $10's per square foot per year. The Poplar Highland region is experiencing a an increase in rates. In the last 3 months, the median rate increased $14 per sqft per year.
Compared to the rest of the Memphis market, the Poplar Highland submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 8 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 460 sqft. Most properties in this region are close to 4 stories. Most buildings in this market were built in 1960 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Poplar Highland residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.