Most listings are in the $20's per square foot per year. The Red Mountain submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Birmingham market, the Red Mountain region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 11 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,800 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1978 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Red Mountain residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.