Birmingham Retail Space

Birmingham

Market Report

Number of Listings
Posted in the last 90 days
14
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
1,040

Birmingham Rates

On average, listings lease in the $30's per square foot per year. The Birmingham region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.

Compared to the rest of the Metro Detroit market, the Birmingham region has greater rates, and you'll need to pay a premium to be in this hot region.

Birmingham Listing Supply

In the last 90 days, 167 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the available space in the Birmingham 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 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 1,040 sqft. Most properties in this market are close to 2 floors. Most buildings in this area were built in 1970 and are Class B.

Birmingham Community

Market Data

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