Memphis Sublease

Memphis

Office Space Market Report

Number of Listings (last 90 days)
227
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,420
As of: May 22, 2017

Memphis Rates

On average, listings lease in the $20's per square foot per year. The Memphis submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 24% rise in rent.

Compared to the rest of the Memphis market, the Memphis region has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Memphis Listing Supply

In the last 90 days, 227 listings have been made available, so you'll want to check back regularly for new listings. About 0% of the office spaces in the Memphis 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.

Even though the median size is 3,290 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 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