The typical asking rate per listing is in the $30's per square foot per year. The Birmingham submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Metro Detroit market, the Birmingham region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 167 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the office spaces in the Birmingham are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,200 sqft. Most buildings in this region are around 2 stories. Most buildings in this region were built in 1970 and are Class B.
Real time and historical data on commercial real estate listings in Birmingham.
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