The typical asking rate per listing is in the $10's per square foot per year. The Sea Isle Park region is seeing a a boost in rates. In the last 3 months, the median rate went up $20 per sqft per year.
Compared to the rest of the Memphis market, the Sea Isle Park submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 9 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the office spaces in the Sea Isle Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,200 sqft. Most properties in this market are approximately 1 stories. Most buildings in this region were built in 1987 and are Class C.
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 region. Most of the residents of Sea Isle Park work from home. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.