On average, listings lease in the $20's per square foot per year. The Mountain Brook submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Birmingham market, the Mountain Brook region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 80 listings have been made available, so you'll want to check back regularly for new listings. 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 970 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this area were built in 1972 and are Class B.