Most listings are in the $20's per square foot per year. The Red Mountain region is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Birmingham market, the Red Mountain submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 12 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,700 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 1978 and are Class C.
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 area. 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.