Memphis, a city steeped in history and culture, is an ideal location for office space, offering a unique blend of southern charm and commercial viability. With a population of over 600,000, Memphis provides a diverse and skilled workforce, making it an attractive option for businesses looking to establish or expand their operations. The city's strategic location, situated along the Mississippi River, has made it a major transportation hub, with the world's second-busiest cargo airport and a significant cargo port on the Mississippi River. Additionally, Memphis is home to several major corporations, including FedEx, International Paper, and AutoZone, as well as a thriving arts and cultural scene, featuring attractions like Graceland and the National Civil Rights Museum.
Office space for lease in Memphis offers a range of benefits, including access to a skilled workforce, proximity to major transportation hubs, and a diverse range of amenities, including hospitals, universities, and cultural attractions. With 127 office spaces available for lease, businesses can find the perfect location to suit their needs. The average annual rent per square foot is $19 USD, with an average size of 6,731 square feet and a maximum space size of 170,544 square feet. In addition to office space, Memphis also offers a range of other property types, including coworking space, flex space, medical offices, and retail space, each with its own unique characteristics and benefits. For example, coworking space in Memphis offers a collaborative and dynamic work environment, while flex space provides a flexible and adaptable solution for businesses with changing needs. Medical offices in Memphis are well-positioned to take advantage of the city's strong healthcare industry, and retail space offers a range of opportunities for businesses looking to establish a presence in the city's vibrant commercial districts. Overall, Memphis offers a unique and attractive combination of business-friendly infrastructure, cultural attractions, and diverse property options, making it an ideal location for businesses of all types.
What is the average size of office space for lease in the Memphis market?
In the Memphis market, the average size of office space for lease is 6,731 square feet, with a range of options available, from smaller spaces to larger ones, including a maximum space size of 170,544 square feet, among the 127 available listings.
Are there different types of office space leases available?
In Memphis, Tennessee, there are various types of office space leases available to cater to different business needs, including:
- Full-service leases, which typically include utilities, maintenance, and amenities in the rent;
- Modified gross leases, which split the costs of utilities, taxes, and insurance between the landlord and tenant;
- Triple net leases, where the tenant is responsible for paying all operating expenses, including utilities, taxes, and insurance, in addition to the base rent.
With 127 available listings of office space in Memphis, businesses can find the perfect lease option to suit their requirements, from Class A office buildings in downtown Memphis to smaller, more affordable spaces in suburban areas.
