On average, listings lease in the $20's per square foot per year. The Fairhope submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 36% decrease in rent.
In the last 90 days, 38 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the available space in the Fairhope are subleases, so you might be able to sign a shorter term by taking over a previous 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 1,960 sqft. Most properties in this region are close to 2 floors. Most buildings in this region were built in 2005 and are Class A.
Real time and historical data on commercial real estate listings in Fairhope.
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