Office Property Asking Rent – Lease Trends

Office Property Asking Rent – Lease Trends

Jun 16 vs. 3 mo. prior Y-O-Y

State

$16.13 +0.3% +2.8%

Metro

$16.61 +0.1% -0.1%

County

$16.74 +0.0% +0.0%

City

$16.99 -0.2% +0.1%

The average asking rental rate per sq ft/year for Office properties in Memphis, TN as of Jun 16 was $16.99. This represents a decrease of -0.2% compared to the prior 3 months, with an increase of +0.1% year-over-year. County-wide, average rental rates in Memphis are +0.0% higher at $16.74 per sq ft/year for Office properties currently for lease.

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