Most listings are in the $20's per square foot per year. The Memphis submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 24% rise in rent.
Compared to the rest of the Memphis market, the Memphis region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 227 listings have been listed, so you'll want to check back regularly for new listings. About 0% of the listings in the Memphis are subleases, so you will probably have to consider a longer term lease. 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 3,420 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this market were built in 1985 and are Class B.