On average, listings lease in the $10's per square foot per year. The Central City region is going through a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 37% decline in rent.
Compared to the rest of the Birmingham market, the Central City region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 32 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,710 sqft. Most properties in this area are approximately 4 floors. Most buildings in this region were built in 1925 and are Class B.
This region is fairly equally mixed residential and commercial. Public administration is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Central City occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.