Most listings are in the $10's per square foot per year. The Monroe Avenue Residents Coalition region is experiencing a an increase in rates. In the last 3 months, the median rate increased $17 per sqft per year.
Compared to the rest of the Memphis market, the Monroe Avenue Residents Coalition submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 1 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, 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 buildings in this area are approximately 2 stories. Most buildings in this area were built in 1963.
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 region. Most of the occupants of Monroe Avenue Residents Coalition work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.