Southside Office Space

Southside

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
5,000
As of: August 16, 2017

Southside Rates

On average, listings lease in the $20's per square foot per year. The Southside submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 16% decline in rent.

Compared to the rest of the Birmingham market, the Southside region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Southside Listing Supply

In the last 90 days, 3 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 500% of the available space in the Southside 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 posted, so finding a space for a small business might be tough.

Even though the median size is 5,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 1 stories. Most buildings in this area were built in 1951 and are Class A.

Southside Community

A large portion of this market is residential, but there's plenty of office_space. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Southside folk. Commuting around 15 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 Southside.
Market Report

Market Data

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