Downtown Birmingham Office Space

Downtown Birmingham

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
5,000
As of: December 5, 2016

Downtown Birmingham Rates

Most listings are in the $40's per square foot per year. The Downtown Birmingham region is seeing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.

Compared to the rest of the Metro Detroit market, the Downtown Birmingham submarket has higher 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, 14 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 5,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this area were built in 1974 and are Class A.

Downtown Birmingham Community

A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. 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