Most listings are in the $20's per square foot per year. The Depot Planning District submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $23 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Memphis market, the Depot Planning District submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,050 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 1972 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Depot Planning District folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.