Most listings are in the $20's per square foot per year. The Fairhope submarket is going through a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 36% decrease in rent.
In the last 90 days, 38 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 13% of the office spaces in the Fairhope are subleases, so you might be able to find a shorter term or below market rent. 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 1,960 sqft. Most buildings in this area are close to 2 floors. Most buildings in this market were built in 2005 and are Class A.
Real time and historical data on commercial real estate listings in Fairhope.
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