Northside Industrial

Northside

Office Space Market Report

Number of Listings (last 90 days)
37
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
6,150
As of: May 19, 2017

Northside Rates

The typical asking rate per listing is in the $20's per square foot per year. The Northside submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 18% increase 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 discounted region.

Northside Listing Supply

In the last 90 days, 37 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available leases in the Northside 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 available, so finding a space for a small business might be tough.

Even though the median size is 6,150 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this region were built in 1924 and are Class B.

Northside Community

A large portion of this region is residential, but there's plenty of office_space. Information is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Northside occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Northside.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Northside.
Research