Hoover Industrial

Hoover

Market Report

Number of Listings
Posted in the last 90 days
33
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
4,450

Hoover Rates

The typical asking rate per listing is in the $20's per square foot per year. The Hoover submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 13% increase in rent.

Compared to the rest of the Birmingham market, the Hoover region has more expensive rates, and you'll need to pay a premium to be in this hot region.

Hoover Listing Supply

In the last 90 days, 484 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Hoover are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 4,450 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 1988 and are Class A.

Hoover Community

Market Data

Real time and historical data on commercial real estate listings in Hoover.
Research