Midtown Retail

Midtown

Office Space Market Report

Number of Listings (last 90 days)
23
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,400
As of: March 29, 2017

Midtown Rates

On average, listings lease in the $20's per square foot per year. The Midtown region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decline in rent.

Compared to the rest of the Memphis market, the Midtown submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.

Midtown Listing Supply

In the last 90 days, 23 listings have been posted online, which means new listings most likley are 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 1,400 sqft. Most properties in this area are approximately 3 stories. Most buildings in this region were built in 1963 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 area. Commute by public transit is the most popular way to get to work amongst Midtown folk. Commuting around 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