Hoover Office Space

Hoover

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
1,500
As of: September 28, 2016

Hoover Rates

The typical asking rate per listing is in the $20's per square foot per year. The Hoover region is experiencing a a rise in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 32% rise in rent.

Compared to the rest of the Birmingham market, the Hoover region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Hoover Listing Supply

In the last 90 days, 17 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 12% of the listings in the Hoover 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,500 sqft. Most buildings in this area are close to 2 floors. Most buildings in this market were built in 1987 and are Class A.

Hoover Community