Downtown Birmingham Retail

Downtown Birmingham

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
4,050
As of: June 26, 2017

Downtown Birmingham Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Birmingham region is going through a a boost in rates. In the last 3 months, the median rate rose $28 per sqft per year.

Compared to the rest of the Metro Detroit market, the Downtown Birmingham submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Downtown Birmingham Listing Supply

In the last 90 days, 11 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 36% of the available leases in the Downtown 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 4,050 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this market were built in 1970 and are Class A.

Downtown Birmingham Community

A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Birmingham folk. Commuting around 20 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 Downtown Birmingham.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Birmingham.
Research

Birmingham Submarkets