Compared to the rest of the Memphis market, the Southeast Memphis submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 17 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 12% of the office spaces in the Southeast Memphis 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 2,550 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1985 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Most of the residents of Southeast Memphis work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.