Memphis Retail

Memphis

Office Space Market Report

Number of Listings (last 90 days)
227
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
3,400
As of: July 21, 2017

Memphis Rates

The typical asking rate per listing is in the $10's per square foot per year. The Memphis region is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 22% decline 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 depreciated region.

Memphis Listing Supply

In the last 90 days, 227 listings have been posted online, so you'll want to check back regularly for new listings. About 99% of the available leases in the Memphis are subleases, so you might be able to snag a great spot on a short term. 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 3,400 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 1 stories. 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