Most listings are in the $20's per square foot per year. The Homewood submarket is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Birmingham market, the Homewood submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 277 listings have come on the market, so you'll want to check back regularly for new listings. About 18% of the available space in the Homewood are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,890 sqft. Most properties in this region are close to 2 floors. Most buildings in this region were built in 1980 and are Class A.
Real time and historical data on commercial real estate listings in Homewood.
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