Midtown Sublease

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Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 21, 2016

Midtown Rates

Most listings are in the $10's per square foot per year. The Midtown submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 15% decrease in rent.

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

Midtown Listing Supply

In the last 90 days, 4 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 7,960 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this region were built in 1963 and are Class Class C.

Midtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Midtown folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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