The typical asking rate per listing is in the $20's per square foot per year. The Homewood region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Birmingham market, the Homewood region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 36 listings have been made available, which means leases are probably going fast. 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 3,800 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 1987 and are Class A.