On average, listings lease in the $20's per square foot per year. The Northside submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Birmingham market, the Northside submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 37 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 316% of the available leases in the Northside are subleases, so you might be able to find a shorter term or below market rent. 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 4,560 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area were built in 1924 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Information is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Northside occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.