The typical asking rate per listing is in the $10's per square foot per year. The Memphis submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $18 per sqft per year.
Compared to the rest of the Memphis market, the Memphis submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 227 listings have come on the market, so you'll want to check back regularly for new listings. About 91% of the office spaces in the Memphis are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,880 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 1 floors. Most buildings in this region were built in 1985 and are Class B.