Central City Retail

Central City

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
3,510
As of: March 12, 2017

Central City Rates

On average, listings lease in the $20's per square foot per year. The Central City region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 12% decrease in rent.

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

Central City Listing Supply

In the last 90 days, 29 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 7% of the listings in the Central City are subleases, so you will probably have to focus your search on direct office leases. 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 3,510 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 4 floors. Most buildings in this market were built in 1924 and are Class A.

Central City Community

This market is fairly equally mixed residential and commercial. Public administration is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Central City residents. Commuting between 20 and 25 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 Central City.
Market Report

Market Data

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