On average, listings lease in the $20's per square foot per year. The Northside region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% 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 undervalued region.
In the last 90 days, 37 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 5% of the office spaces in the Northside are subleases, so you will probably have to consider a longer term lease. 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 3,500 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this region were built in 1924 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Information is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Northside residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.