On average, listings lease in the $10's per square foot per year. The Bessemer region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 33% decrease in rent.
Compared to the rest of the Birmingham market, the Bessemer region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 77 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the available space in the Bessemer 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 posted, 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 region are around 1 stories. Most buildings in this market were built in 1973 and are Class A.
Real time and historical data on commercial real estate listings in Bessemer.
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