On average, listings lease in the $20's per square foot per year. The Central City region is going through a a boost in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 33% rise in rent.
Compared to the rest of the Birmingham market, the Central City submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 458 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the available leases in the Central City are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,620 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 4 floors. Most buildings in this market were built in 1924 and are Class B.
This region is fairly equally mixed residential and commercial. Public administration is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Central City occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Central City.
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