The typical asking rate per listing is in the $40's per square foot per year. The Birmingham submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Metro Detroit market, the Birmingham submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 19 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,520 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 1970 and are Class B.