Hoover Office Space

Hoover

Office Space Market Report

Number of Listings (last 90 days)
48
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,440
As of: March 12, 2017

Hoover Rates

Most listings are in the $20's per square foot per year. The Hoover submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 14% decline in rent.

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

Hoover Listing Supply

In the last 90 days, 48 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the office spaces 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.

The standard measurement for office space in this area is around 2,440 sqft. Most buildings in this market are around 2 floors. Most buildings in this region 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