Central City Office Space

Central City

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,950
As of: August 17, 2017

Central City Rates

Most listings are in the $10'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 21% decline in rent.

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

Central City Listing Supply

In the last 90 days, 29 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 279% of the listings in the Central City 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 available, so finding a space for a small business might be tough.

Even though the median size is 5,200 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 4 floors. Most buildings in this region 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