Bessemer Retail

Bessemer

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,000
As of: July 21, 2017

Bessemer Rates

On average, listings lease in the $20's per square foot per year. The Bessemer submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 25% rise in rent.

Compared to the rest of the Birmingham market, the Bessemer submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Bessemer Listing Supply

In the last 90 days, 0 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the available space in the Bessemer 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this region are close to 1 stories. Most buildings in this region were built in 1973 and are Class A.

Bessemer Community

Market Report

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

Market Data

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