Red Mountain Office Space

Red Mountain

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
8,270
As of: May 21, 2017

Red Mountain Rates

On average, listings lease in the $10's per square foot per year. The Red Mountain submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 27% decline in rent.

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

Red Mountain Listing Supply

In the last 90 days, 8 listings have been posted online, which means office spaces 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.

Even though the median size is 8,270 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1976 and are Class A.

Red Mountain Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Red Mountain occupants. 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 Red Mountain.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Red Mountain.
Research