The typical asking rate per listing is in the $20's per square foot per year. The Hoover region is experiencing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Birmingham market, the Hoover region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 484 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the listings in the Hoover 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.
Even though the median size is 2,900 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1988 and are Class A.
Real time and historical data on commercial real estate listings in Hoover.
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