The typical asking rate per listing is in the $20's per square foot per year. The Central City submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 34% increase in rent.
Compared to the rest of the Birmingham market, the Central City region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 43 listings have been made available, so you'll want to check back regularly for new listings. 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 3,890 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 4 floors. Most buildings in this region were built in 1924 and are Class B.
This market is fairly equally mixed residential and commercial. Public administration is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Central City occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.