On average, listings lease in the $20's per square foot per year. The Vestavia Hills submarket is going through a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 22% rise in rent.
Compared to the rest of the Birmingham market, the Vestavia Hills submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 223 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available space in the Vestavia Hills are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,250 sqft. Most buildings in this region are around 2 floors. Most buildings in this region were built in 1986 and are Class A.
Real time and historical data on commercial real estate listings in Vestavia Hills.
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