Red Mountain Retail

Red Mountain

Office Space Market Report

Number of Listings (last 90 days)
118
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
4,250
As of: August 17, 2017

Red Mountain Rates

On average, listings lease in the $20's per square foot per year. The Red Mountain region is experiencing a a rise in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 40% increase in rent.

Compared to the rest of the Birmingham market, the Red Mountain region has greater rates, and you'll need to make a great offer to be in this hot submarket.

Red Mountain Listing Supply

In the last 90 days, 8 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 263% of the available space in the Red Mountain 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 4,250 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 1975 and are Class A.

Red Mountain Community

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 market. Commute by car is the most popular way to get to work amongst Red Mountain folk. 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 Red Mountain.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Red Mountain.
Research