The typical asking rate per listing is in the $20's per square foot per year. The Birmingham submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the Birmingham market, the Birmingham region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 105 listings have been listed, so you'll want to check back regularly for new listings. About 190% of the available space 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1970 and are Class B.