The typical asking rate per listing is in the $10's per square foot per year. The Sea Isle Park region is going through a a boost in rates. In the last 3 months, the median rate went up $20 per sqft per year.
Compared to the rest of the Memphis market, the Sea Isle Park region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 9 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Sea Isle Park 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.
The standard measurement for office space in this area is around 1,200 sqft. Most buildings in this market are close to 1 stories. Most buildings in this area were built in 1987 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Most of the occupants of Sea Isle Park work from home. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.