Northside Industrial

Northside

Office Space Market Report

Number of Listings (last 90 days)
534
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,960
As of: August 22, 2017

Northside Rates

Most listings are in the $10's per square foot per year. The Northside submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 21% decline 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.

Northside Listing Supply

In the last 90 days, 37 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 165% 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 3,960 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 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 folk. Commuting close to 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