The typical asking rate per listing is in the $30's per square foot per year. The Birmingham submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Metro Detroit market, the Birmingham region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 14 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 57% of the listings in the Birmingham are subleases, so you might be able to find a shorter term or below market rent. 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 2,200 sqft. Most buildings in this region are close to 2 floors. Most buildings in this region were built in 1970 and are Class B.