The typical asking rate per listing is in the $20's per square foot per year. The Hoover submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Birmingham market, the Hoover region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 484 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Hoover are subleases, so you will probably have to consider a longer term lease. 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 4,450 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 1988 and are Class A.
Real time and historical data on commercial real estate listings in Hoover.
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