Most listings are in the $20's per square foot per year. The Homewood region is going through a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Birmingham market, the Homewood submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 277 listings have come on the market, so you'll want to check back regularly for new listings. About 15% of the available leases in the Homewood 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 920 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1980 and are Class A.
Real time and historical data on commercial real estate listings in Homewood.
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