On average, listings lease in the $20's per square foot per year. The Northside region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Birmingham market, the Northside region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 36 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Northside are subleases, so you will probably have to consider a longer term lease. 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 spaces below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this market were built in 1924 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Information is the dominant industry in this market. 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.