The typical asking rate per listing is in the $20's per square foot per year. The Homewood region is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Birmingham market, the Homewood submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 277 listings have been made available, so you'll want to check back regularly for new listings. About 17% of the listings in the Homewood 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,600 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1980 and are Class A.
Real time and historical data on commercial real estate listings in Homewood.
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