Most listings are in the $10's per square foot per year. The Five Points South submarket is going through a decline 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 Five Points South submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 24 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 71% of the available leases in the Five Points South are subleases, so you might be able to find a shorter term or below market rent. 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 4,200 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Five Points South residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.