The typical asking rate per listing is in the $20's per square foot per year. The Central City submarket is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Birmingham market, the Central City submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 29 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the available leases in the Central City are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,510 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 4 stories. Most buildings in this region were built in 1924 and are Class A.
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 residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.