Red Mountain Industrial

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Red Mountain

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Red Mountain Rates

Most listings are in the $20's per square foot per year. The Red Mountain submarket is going through a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 4% rise in rent.

Compared to the rest of the Birmingham market, the Red Mountain region has greater rates, and you'll need to make a great offer to be in this hot region.

Red Mountain Listing Supply

In the last 90 days, 4 listings have been listed, which means leases might be 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.

The standard measurement for office space in this area is around 1,330 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1978 and are Class C.

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 region. 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.