On average, listings lease in the $20's per square foot per year. The Mountain Brook submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Birmingham market, the Mountain Brook region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 9 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 156% of the office spaces in the Mountain Brook are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,660 sqft. Most properties in this market are close to 3 floors. Most buildings in this market were built in 1972 and are Class B.