The typical asking rate per listing is in the $20's per square foot per year. The Birmingham submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Birmingham market, the Birmingham region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 105 listings have come on the market, so you'll want to check back regularly for new listings. About 228% of the listings in the Birmingham are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,360 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this market were built in 1971 and are Class B.