Downtown Memphis Retail

Downtown Memphis

Office Space Market Report

Number of Listings (last 90 days)
37
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
100,280
As of: June 25, 2017

Downtown Memphis Rates

Most listings are in the $10's per square foot per year. The Downtown Memphis region is going through a a boost in rates. In the last 3 months, the median rate increased $16 per sqft per year.

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

Downtown Memphis Listing Supply

In the last 90 days, 37 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 5% of the office spaces in the Downtown Memphis are subleases, so you will probably have to consider a longer term lease. 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 100,280 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 4 floors. Most buildings in this region were built in 1923 and are Class A.

Downtown Memphis Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Memphis occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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