Midtown Sublease

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Midtown

Office Space Market Report

Number of Listings (last 90 days)
23
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
2,910
As of: June 25, 2017

Midtown Rates

The typical asking rate per listing is in the $10's per square foot per year. The Midtown submarket is going through a a rise in rates. In the last 3 months, the median rate rose $17 per sqft per year.

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

Midtown Listing Supply

In the last 90 days, 23 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 196% of the available space in the Midtown 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,910 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this region were built in 1927 and are Class B.

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 area. Commute by public transit is the most popular way to get to work amongst Midtown residents. 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.
Research