Downtown Birmingham Office Space

Downtown Birmingham

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
3,030
As of: March 12, 2017

Downtown Birmingham Rates

On average, listings lease in the $40's per square foot per year. The Downtown Birmingham submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% increase in rent.

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

Downtown Birmingham Listing Supply

In the last 90 days, 11 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,030 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this area were built in 1970 and are Class A.

Downtown Birmingham Community

A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Birmingham occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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

Birmingham Submarkets