Most listings are in the $20's per square foot per year. The Shelby County region is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decrease in rent.
In the last 90 days, 60 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available leases in the Shelby County are subleases, so you will probably have to consider a longer term lease. 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 2,500 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1995 and are Class A.