The typical asking rate per listing is in the $20's per square foot per year. The Fairhope region is seeing a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 36% decline in rent.
In the last 90 days, 38 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 8% of the available leases in the Fairhope are subleases, so you will probably have to consider a longer term lease. 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 market are close to 2 stories. 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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