Memphis Retail

Memphis

Office Space Market Report

Number of Listings (last 90 days)
326
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,090
As of: January 22, 2017

Memphis Rates

The typical asking rate per listing is in the $10's per square foot per year. The Memphis region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 7% decline in rent.

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

Memphis Listing Supply

In the last 90 days, 305 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available leases in the Memphis are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,020 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market 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