Lease Office Suites:

With so many large corporations and different opportunities that abound in the greater Memphis area, many entrepreneurs have noticed that there are great office space options to take advantage of. The office vacancy rate of Memphis is at 18% and has been said to be improving. In a recent survey of office suite vacancies in the area, many retail and warehouse spaces started at around $2 a square foot, while many executive suites started around $500 a month for great spaces with lots of amenities. With a growing business district, commercial and residential real estate developments are being created on a regular basis by both the city and private development agencies. The area also has a great deal of office suites furniture retailers, and many large and small-scale operations to help businesses meet furnishing demands of spaces available in the area. We also service office space rentals in Nashville.

Population/Economy:

One of the most prominent cities in the state of Tennessee is none other than the city of Memphis. The city has an estimated population of around 670,000 residents and a metropolitan area of 1.2 million residents. It is one of the major media hubs for the mid-south region, and is world famous for contributions to music, sports, and cuisine.
The economic portrait of Memphis hinges on a number of major factors. The city is centrally located for the transportation industry and offers a wide variety of employment options for those looking to work in transportation and distribution. The other major industries in the area include, entertainment, health, sciences, and manufacturing. The area has appeared in the top lists of major metropolitan areas for best business growth and opportunities for a wide range of backgrounds. Some of the large companies in the area include, FedEx, AutoZone, Buckeye Technologies, Mueller Industries, Belz Enterprises, Guardsmark, ServiceMaster, St. Jude Children’s Research Hospital and so much more. The unemployment rate of the area is roughly 7% and is slightly higher than the national average. The economic outlook has been improving in the area, due in large part to the versatility of the companies in the greater business districts.

Memphis Culture:

The city of Memphis has a long championship tradition in terms of sports, and has seen a great improvement in fan fare over the years. Some of the big time sports in the area are actually NCAA related. The Memphis Grizzlies in the NBA are the large team, but there are smaller minor league teams for baseball, hockey and much more in the local area. A fringe sport that gets a lot of promotion and fan fare is professional wrestling, in large part thanks to Jerry “The King” Lawler, who put the city on the map with many different wrestling events throughout the years. Lawler not only promoted professional wrestling, but also promoted a large sense of racial integration and was able to put the city on the map for professional wrestling.
The city of Memphis has a crime rate that is relatively higher than many other large cities. The average is around 100 crimes per one thousand residents, and despite a growing effort to calm gang violence and much more, the area still has a large amount of violent crime. Like with any other large city, there are pockets of safe areas, and it should be noted that the whole city is not over run with crime, but there are definitely sectors that are having continual problems.