On average, listings lease in the $10's per square foot per year. The Fountain Heights region is seeing a decrease in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 45% decrease in rent.
Compared to the rest of the Birmingham market, the Fountain Heights region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 5 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,500 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this area were built in 1920 and are Class C.
This area is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this market. Most of the residents of Fountain Heights work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.