Birmingham Industrial

Birmingham

Office Space Market Report

Number of Listings (last 90 days)
103
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
4,000
As of: February 27, 2017

Birmingham Rates

Most listings are in the $20's per square foot per year. The Birmingham submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decline in rent.

Compared to the rest of the Birmingham market, the Birmingham region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Birmingham Listing Supply

In the last 90 days, 99 listings have come on the market, so you'll want to check back regularly for new listings. About 5% 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 4,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1979 and are Class B.

Birmingham Community

Market Report

Trends and status of the commercial real estate market in Birmingham.
Market Report

Market Data

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