Birmingham Industrial

Birmingham

Office Space Market Report

Number of Listings (last 90 days)
136
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
3,700
As of: December 2, 2016

Birmingham Rates

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.

Birmingham Listing Supply

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.

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