On average, listings lease in the $20's per square foot per year. The Vestavia Hills submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 38% rise in rent.
Compared to the rest of the Birmingham market, the Vestavia Hills region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 10 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases in the Vestavia Hills are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,250 sqft. Most properties in this region are around 2 stories. Most buildings in this area were built in 1986 and are Class A.