Hoover Office Space

Hoover

Office Space Market Report

Number of Listings (last 90 days)
78
Median Rate ($/sqft/yr)
$27
Median Size (sqft)
2,920
As of: December 7, 2016

Hoover Rates

Most listings are in the $20's per square foot per year. The Hoover region is seeing a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 14% increase in rent.

Compared to the rest of the Birmingham market, the Hoover submarket has higher rates, and you'll need to pay a premium to be in this hot region.

Hoover Listing Supply

In the last 90 days, 78 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available space in the Hoover are subleases, so you will probably have to focus your search on direct office leases. 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 2,920 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this market were built in 1988 and are Class A.

Hoover Community

Market Report

Trends and status of the commercial real estate market in Hoover.
Market Report

Market Data

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