On average, listings lease in the $20's per square foot per year. The Hoover region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Birmingham market, the Hoover submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 19 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 11% of the available leases 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.
Even though the median size is 2,800 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1987 and are Class A.