Compared to the rest of the Memphis market, the Depot Planning District submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 16 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the listings in the Depot Planning District are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 20,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 1 stories. Most buildings in this region were built in 1972 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Depot Planning District folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.