On average, listings lease in the $20's per square foot per year. The Mountain Brook submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the Birmingham market, the Mountain Brook region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 25% of the available space in the Mountain Brook are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 5,880 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market were built in 1995 and are Class B.