Memphis Retail

Memphis

Office Space Market Report

Number of Listings (last 90 days)
270
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,620
As of: December 8, 2016

Memphis Rates

The typical asking rate per listing is in the $20's per square foot per year. The Memphis region is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Memphis market, the Memphis submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Memphis Listing Supply

In the last 90 days, 275 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available leases 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 2,630 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this region were built in 1985 and are Class B.

Memphis Community

Market Report

Trends and status of the commercial real estate market in Memphis.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Memphis.
Research