Hoover Retail

Hoover

Office Space Market Report

Number of Listings (last 90 days)
48
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,440
As of: March 12, 2017

Hoover Rates

The typical asking rate per listing is in the $20's per square foot per year. The Hoover region is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 14% decline in rent.

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

Hoover Listing Supply

In the last 90 days, 48 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Hoover are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,440 sqft. Most buildings in this area are close to 2 stories. Most buildings in this area 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