On average, listings lease in the $10's per square foot per year. The Shelby County submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decline in rent.
In the last 90 days, 53 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the listings 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 3,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 1999 and are Class A.