On average, listings lease in the $20's per square foot per year. The Birmingham region is seeing a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 38% rise in rent.
Compared to the rest of the Birmingham market, the Birmingham submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 151 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the listings in the Birmingham are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,840 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1979 and are Class B.