On average, listings lease in the $10's per square foot per year. The Shelby County submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decrease in rent.
In the last 90 days, 263 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Shelby County are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,250 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this area were built in 1986 and are Class B.