Hoover Retail

Hoover

Office Space Market Report

Number of Listings (last 90 days)
48
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,410
As of: May 24, 2017

Hoover Rates

Most listings are in the $20's per square foot per year. The Hoover submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.

Compared to the rest of the Birmingham market, the Hoover submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Hoover Listing Supply

In the last 90 days, 48 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the listings in the Hoover are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this market are approximately 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