Commercial Property:

The city is continually working on commercial and residential developments. With a large tourist industry in the area, a great number of visitors come by to taste the cuisine, enjoy the entertainment, and relive much of the great history in the greater metropolitan area. Not just a hub for music, the area was also diversified by an unlikely source, professional wrestler Jerry Lawler. The area has a great deal of business development, and was even ranked in the top eight of the 50 best United States metropolitan areas for starting and developing a business by Inc. Magazine. Those looking at office space in the greater area will find a great deal of options to explore. Searching through the available spaces, the price range of office space starts at around $450 - $500 a month for smaller spaces with limited amenities. Larger Memphis commercial property spaces in the area abound for relatively competitive prices at around $1 a square foot, and less in some cases with many amenities. If you need to rent a commercial property in Nashville or Atlanta, we can help there also.

Office Amenities:

For most companies, of any size- with 1, 5, 25 or 5o employees- it is a risk leasing or renting a commercial property in Memphis. Any business owner or CEO must select what amenities or services your employees will need. We have put together a list below of typical amenities that commercial office buildings will offer. Phone Answering, Admin, Kitchen Facilities, Service Elevators,Office Facilities, Furnished Options, Meeting Rooms, conference Suites, 24 Hour Access. We can also help you learn how to measure the correct office floor plan that you will need.

Memphis Tennessee:

One of the larger cities in the state of Tennessee is Memphis. It is sometimes referred to as “The River City”, “The Bluff City” the city is one of the cultural centers of the Southwest. The estimated population of the city is 670,000 and the greater metropolitan population of around 1.8 million residents. The city was founded in 1819 and has been a center for development, and culture, since the 19th century, when it was a major transportation center.

Memphis Economy:

The economic center of Memphis relies heavily on transportation, business development, and much more. Memphis is home to a wide variety of large-scale companies, employing a grand portion of the city’s workforce. Some of the larger companies in the area include, FedEx Corporation, Thomas & Betts, Delta Airlines, and much more. The area is also home to a large-scale entertainment industry, with many films shot in the area. Even with the great number of opportunities that abound in the greater area, the unemployment rate of the city is at 10%, which is higher than national average. The rates have been worse, and the city has not weathered the economical downturn that the nation faced in the latter quarters of 2009. Analysts stay optimistic to the future of the area.
The climate and weather conditions of Memphis is classified as humid subtropical. There are four different seasons, with changes that are highly noticeable. The high temperatures in the summer can be coupled with great humidity in the upper 90’s, while the winter months see cold, with only about 4 inches of snowfall, but there are ice storms at the height of the colder months, which can pose problems. Overall the weather is on par with the gulf coast region of the United States.

Housing Market:

The real estate market in Memphis has seen some declines, but has a relatively optimistic outlook by professional analysts. In recent months the median home price has been at $99,995 with a 2% growth index, but there are variable prices to explore, and some results in the median home price did yield family homes starting at around $129000.
The mayor of Memphis is AC Wharton Jr and has been mayor since October of 2009, after winning a special election. He has been in politics for quite some time, and was raised just outside of Lebanon Tennessee. He has a storied career as Chief Defender of Shelby County, an investigator for the Equal Opportunity Employment Commission, and much else. He has worked in the pubic sector and in various community positions since the 1970’s and continues to try and shape policies in the greater Memphis area.