On average, listings lease in the $20's per square foot per year. The Central City submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $25 per sqft per year.
Compared to the rest of the Birmingham market, the Central City submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 29 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 362% of the available space 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,460 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 4 floors. Most buildings in this area were built in 1924 and are Class A.
This region is fairly equally mixed residential and commercial. Public administration is the dominant industry in this market. 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.