Central City Office Space

Central City

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
4,500
As of: July 23, 2017

Central City Rates

Most listings are in the $20's per square foot per year. The Central City submarket is going through a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 16% decline in rent.

Compared to the rest of the Birmingham market, the Central City submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Central City Listing Supply

In the last 90 days, 29 listings have been made available, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 359% of the listings in the Central City are subleases, so you might be able to find a shorter term or below market rent. 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 4,500 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 4 floors. Most buildings in this market were built in 1924 and are Class B.

Central City Community

This market is fairly equally mixed residential and commercial. Public administration is the dominant industry in this area. 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