Hoover Industrial

Hoover

Office Space Market Report

Number of Listings (last 90 days)
484
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
1,720
As of: August 17, 2017

Hoover Rates

Most listings are in the $20's per square foot per year. The Hoover region is going through a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 17% increase in rent.

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

Hoover Listing Supply

In the last 90 days, 48 listings have been made available, so you'll want to check back regularly for new listings. About 67% of the office spaces in the Hoover are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,720 sqft. Most buildings in this area are around 2 stories. Most buildings in this area 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