On average, listings lease in the $10's per square foot per year. The Quince-Oakhaven-Parkway PD region is experiencing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 21% increase in rent.
Compared to the rest of the Memphis market, the Quince-Oakhaven-Parkway PD submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 62 listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 7,140 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this area were built in 1975 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Quince-Oakhaven-Parkway PD folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.