Bessemer Retail

Bessemer

Market Report

Number of Listings
Posted in the last 90 days
9
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
2,000

Bessemer Rates

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.

Bessemer Listing Supply

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.

Bessemer Community

Market Data

Real time and historical data on commercial real estate listings in Bessemer.
Research