Most listings are in the $20's per square foot per year. The Red Mountain submarket is seeing 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 region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 8 listings have been made available, which means new listings 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.
Even though the median size is 7,200 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1978 and are Class A.
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 folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.