Most listings are in the $20's per square foot per year. The Homewood region is going through 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 Homewood region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 23 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 9,730 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1979 and are Class A.