Birmingham Industrial

Birmingham

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,200
As of: June 22, 2017

Birmingham Rates

The typical asking rate per listing is in the $30's per square foot per year. The Birmingham region is going through a a rise in rates. In the last 3 months, the median rate increased $40 per sqft per year.

Compared to the rest of the Metro Detroit market, the Birmingham region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Birmingham Listing Supply

In the last 90 days, 14 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 114% of the listings in the Birmingham 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 2,200 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area were built in 1970 and are Class B.

Birmingham Community

Market Report

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

Market Data

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

Birmingham Submarkets