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.
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.
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.