Most listings are in the $0's per square foot per year. The Southeast Memphis region is experiencing a decrease in rates. In the last 3 months, the median rate fell $21 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 17 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 380 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1985 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Most of the residents of Southeast Memphis work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.