Memphis Sublease

Memphis

Office Space Market Report

Number of Listings (last 90 days)
241
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
3,100
As of: February 20, 2017

Memphis Rates

Most listings are in the $10's per square foot per year. The Memphis region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Memphis market, the Memphis submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Memphis Listing Supply

In the last 90 days, 242 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the listings in the Memphis are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,100 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 1 stories. Most buildings in this region were built in 1985 and are Class B.

Memphis Community

Market Report

Trends and status of the commercial real estate market in Memphis.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Memphis.
Research