Hoover Medical

Hoover

Market Report

Number of Listings
Posted in the last 90 days
1
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,900

Hoover Rates

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

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

Hoover Listing Supply

In the last 90 days, 484 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the listings in the Hoover 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 2,900 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area 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