On average, listings lease 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% decrease in rent.
Compared to the rest of the Birmingham market, the Homewood region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 277 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the available space in the Homewood are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 29,180 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1980 and are Class A.
Real time and historical data on commercial real estate listings in Homewood.
Get email notifications when new listings are posted that match your requirements.