On average, listings lease in the $10's per square foot per year. The Shelby County region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decrease in rent.
In the last 90 days, 24 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the available space in the Shelby County are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,660 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1996 and are Class A.