Most listings are in the $20's per square foot per year. The Southeast Memphis region is going through a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Memphis market, the Southeast Memphis submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 14 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 7% of the available space in the Southeast Memphis are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,600 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1985 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Most of the folk of Southeast Memphis work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.