On average, listings lease in the $20's per square foot per year. The Northside submarket is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Birmingham market, the Northside region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 37 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available leases in the Northside are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,500 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this market were built in 1924 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Information is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Northside occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.