Hoover Retail

Hoover

Office Space Market Report

Number of Listings (last 90 days)
76
Median Rate ($/sqft/yr)
$27
Median Size (sqft)
2,950
As of: December 10, 2016

Hoover Rates

On average, listings lease in the $20's per square foot per year. The Hoover region is seeing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 14% rise in rent.

Compared to the rest of the Birmingham market, the Hoover region has more expensive rates, and you'll need to make a great offer to be in this hot region.

Hoover Listing Supply

In the last 90 days, 76 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available space in the Hoover 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,950 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this region were built in 1988 and are Class A.

Hoover Community

Market Report

Trends and status of the commercial real estate market in Hoover.
Market Report

Market Data

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