Midtown Retail

Midtown

Office Space Market Report

Number of Listings (last 90 days)
23
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
2,910
As of: August 20, 2017

Midtown Rates

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

Midtown Listing Supply

In the last 90 days, 23 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 187% of the available space in the Midtown are subleases, so you might be able to find a shorter term or below market rent. 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 2,910 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this area were built in 1947 and are Class B.

Midtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Midtown folk. Commuting approximately an hour 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 Midtown.
Market Report

Market Data

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