Most listings are in the $20's per square foot per year. The Midtown region is experiencing a a boost in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 32% rise in rent.
Compared to the rest of the Memphis market, the Midtown submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 10 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 6,430 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this market were built in 1963 and are Class Class C.
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 residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.