Most listings are in the $40's per square foot per year. The Downtown Birmingham submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Metro Detroit market, the Downtown Birmingham region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,470 sqft. Most properties in this area are approximately 3 stories. Most buildings in this market were built in 1974 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Birmingham folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.