Five Points South Office Space

Five Points South

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
4,200
As of: July 21, 2017

Five Points South Rates

The typical asking rate per listing is in the $10's per square foot per year. The Five Points South region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decrease in rent.

Compared to the rest of the Birmingham market, the Five Points South region has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Five Points South Listing Supply

In the last 90 days, 24 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 71% of the available space in the Five Points South 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 4,200 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1970 and are Class B.

Five Points South Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Five Points South folk. Commuting approximately 30 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 Five Points South.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Five Points South.
Research