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.
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.
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.