The typical asking rate per listing is in the $40's per square foot per year. The Birmingham region is going through a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Metro Detroit market, the Birmingham region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 167 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the available space in the Birmingham are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,920 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this area were built in 1970 and are Class B.
Real time and historical data on commercial real estate listings in Birmingham.
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