Most listings are in the $20's per square foot per year. The Southeast Memphis region is going through a a rise in rates. In the last 3 months, the median rate increased $21 per sqft per year.
Compared to the rest of the Memphis market, the Southeast Memphis region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 24 listings have been made available, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,290 sqft. Most buildings in this market are approximately 2 stories. 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 market. Most of the folk of Southeast Memphis work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.