Redmont Park Retail

Redmont Park

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
4,250
As of: July 21, 2017

Redmont Park Rates

The typical asking rate per listing is in the $20's per square foot per year. The Redmont Park submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.

Redmont Park Listing Supply

In the last 90 days, 1 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 800% of the available space in the Redmont Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,250 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 4 stories. Most buildings in this area were built in 1990 and are Class A.

Redmont Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Redmont Park residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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

Mountain Brook Submarkets