Hoover Industrial

Hoover

Office Space Market Report

Number of Listings (last 90 days)
48
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,000
As of: July 22, 2017

Hoover Rates

Most listings are in the $10's per square foot per year. The Hoover region is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.

Compared to the rest of the Birmingham market, the Hoover region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Hoover Listing Supply

In the last 90 days, 48 listings have come on the market, so you'll want to check back regularly for new listings. About 133% of the office spaces in the Hoover are subleases, so you might be able to snag a great spot on a short term. 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 2,010 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1988 and are Class A.

Hoover Community

Market Report

Trends and status of the commercial real estate market in Hoover.
Market Report

Market Data

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