The typical asking rate per listing is in the $20's per square foot per year. The Pleasant Acres submarket is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Memphis market, the Pleasant Acres submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have been made available, which means leases are probably 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 780 sqft. Most buildings in this region are approximately 9 floors. Most buildings in this area were built in 1973 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Pleasant Acres residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.