Downtown Birmingham Retail

Downtown Birmingham

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$43
Median Size (sqft)
2,920
As of: July 23, 2017

Downtown Birmingham Rates

The typical asking rate per listing is in the $40's per square foot per year. The Downtown Birmingham region is going through a an increase in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 1% increase in rent.

Compared to the rest of the Metro Detroit market, the Downtown Birmingham region has higher rates, and you'll need to make a great offer to be in this hot submarket.

Downtown Birmingham Listing Supply

In the last 90 days, 11 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 36% of the available space in the Downtown Birmingham 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 2,920 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this market were built in 1970 and are Class A.

Downtown Birmingham Community

A large portion of this region 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 residents. 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