Bessemer Office Space

Bessemer

Market Report

Number of Listings
Posted in the last 90 days
1
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
2,000

Bessemer Rates

Most listings are in the $10's per square foot per year. The Bessemer submarket is going through a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 33% decrease in rent.

Compared to the rest of the Birmingham market, the Bessemer submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Bessemer Listing Supply

In the last 90 days, 77 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the available leases in the Bessemer are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this region were built in 1973 and are Class A.

Bessemer Community

Market Data

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