On average, listings lease in the $20's per square foot per year. The Homewood submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Birmingham market, the Homewood region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 30 listings have been posted online, which means spaces are probably 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 4,150 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this region were built in 1987 and are Class A.