The typical asking rate per listing is in the $10's per square foot per year. The Sea Isle Park submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Memphis market, the Sea Isle Park region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 14 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 7% of the office spaces in the Sea Isle Park are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 770 sqft. Most properties in this region are close to 1 floors. Most buildings in this market were built in 1987 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Most of the residents of Sea Isle Park work from home. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.