Figures
Memphis Office Figures Report Q1 2025
April 8, 2025 3 Minute Read
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‒The Memphis office market recorded -45,910 square feet of negative absorption to begin the year, driven by vacancies at Class B properties.
‒The Class A average asking rental rate increased to $24.78 per square foot, a 427-basis point increase year-over-year.
‒The sublease availability rate of 1.9% remains low compared to other markets throughout the Southeast United States.