Central City Office Space

Central City

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,750
As of: February 20, 2017

Central City Rates

Most listings are in the $20's per square foot per year. The Central City region is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% rise in rent.

Compared to the rest of the Birmingham market, the Central City region has higher rates, and you'll need to pay a premium to be in this hot region.

Central City Listing Supply

In the last 90 days, 41 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the available space in the Central City are subleases, so you will probably have to focus your search on direct office leases. 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 2,750 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this region were built in 1924 and are Class A.

Central City Community

This region is fairly equally mixed residential and commercial. Public administration is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Central City folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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