On average, listings lease in the $20's per square foot per year. The Mountain Brook submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Birmingham market, the Mountain Brook region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 80 listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 970 sqft. Most properties in this market are approximately 3 floors. Most buildings in this market were built in 1972 and are Class B.