Memphis Office Space for Rent
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Renting Office Space in Memphis
TenantBase data indicates that medium-term lease agreements (3-5 years) are prevalent for office spaces in Memphis, accounting for 25.2% of the total office lease terms, reflecting a tendency towards stability and commitment. Shorter leases of 1-2 years make up 44.9%, indicative of companies seeking flexibility. Long-term leases (5+ years) represent 11.2%, while short-term leases of less than a year are less common at 18.7%. Prominent office areas include Downtown Memphis, East Memphis, and Midtown, catering to both corporate headquarters and local businesses.
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Suite Rates in Memphis
Suite Sizes in Memphis
Neighborhood Comparison
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
|---|---|---|---|
| Bartlett | 600 | $1.21 / SF | 44 |
| Collierville | 7,700 | - | < 30 |
| Cordova | 1,400 | $1.21 / SF | 81 |
| Downtown Memphis | 2,500 | $1.25 / SF | 81 |
| Germantown | 1,900 | $1.58 / SF | 407 |
| Graceland | 300 | $0.79 / SF | 84 |
| Lenox | 1,900 | $1.29 / SF | < 30 |
| Memphis International Airport Area | 300 | $0.59 / SF | 84 |
| Memphis Medical District | 2,200 | $1.29 / SF | < 30 |
| Midtown Memphis | 1,500 | $1.29 / SF | < 30 |
| Olive Branch | 100 | $3.24 / SF | < 30 |
| Southhaven | 2,000 | $1.33 / SF | < 30 |
| West Memphis | 5,500 | $0.63 / SF | < 30 |
*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.