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116 S Front St

Downtown Memphis, Memphis, TN

The Macro Neighborhood: Downtown Memphis

On average, listings lease in the $10's per square foot per year. The Downtown Memphis submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decrease in rent.

Compared to the rest of the Memphis market, the Downtown Memphis region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Median Rate Median Size
Downtown Memphis $19
/sqft/yr
2,700
sqft
Median Rate Median Size
Memphis $21
/sqft/yr
2,700
sqft

Median Rate over Time in Downtown Memphis