Red Mountain Industrial

We couldn't find any industrial spaces for Lease and Sublease

Red Mountain

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
7,200
As of: February 26, 2017

Red Mountain Rates

On average, listings lease in the $20's per square foot per year. The Red Mountain submarket is going through a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% rise in rent.

Compared to the rest of the Birmingham market, the Red Mountain submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Red Mountain Listing Supply

In the last 90 days, 8 listings have been listed, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 7,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 1978 and are Class A.

Red Mountain Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Red Mountain occupants. Commuting between 20 and 25 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 Red Mountain.
Market Report

Market Data

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