Central Business District Commercial Real Estate

458 Government St - Space Central Business District, Mobile, AL  
Sep 13
4,100
sqft
Office
805 Church St - 2 Spaces Central Business District, Mobile, AL exposed timber high ceilings
Aug 11
1,230 - 1,520
sqft
Office Mixed Use
118 N Royal St - 4 Spaces Central Business District, Mobile, AL HVAC
Aug 09
550 - 8,230
sqft
Office

Central Business District

Market Report

Number of Listings
Posted in the last 90 days
12
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
4,030

Central Business District Rates

Most listings are in the $10's per square foot per year. The Central Business District submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 27% decrease in rent.

Central Business District Listing Supply

In the last 90 days, 188 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the available space in the Central Business District are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 4,030 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this area were built in 1947 and are Class B.

Central Business District Community

This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Central Business District folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Central Business District.
Research