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.
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.
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.