Most listings are in the $20's per square foot per year. The Five Points South region is experiencing a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 27% increase in rent.
Compared to the rest of the Birmingham market, the Five Points South submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 171 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the listings in the Five Points South 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,560 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Five Points South residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Five Points South.
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