On average, listings lease in the $10's per square foot per year. The Northside region is seeing a decline in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 37% decline in rent.
Compared to the rest of the Birmingham market, the Northside submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 37 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this region were built in 1925 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Information is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Northside occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.