Central City Sublease

Central City

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
4,450
As of: June 29, 2017

Central City Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central City submarket is going through a a boost in rates. In the last 3 months, the median rate went up $25 per sqft per year.

Compared to the rest of the Birmingham market, the Central City region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Central City Listing Supply

In the last 90 days, 29 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 352% of the office spaces in the Central City 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 available, so finding a space for a small business might be tough.

Even though the median size is 4,450 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 4 floors. Most buildings in this market were built in 1924 and are Class B.

Central City Community

This area is fairly equally mixed residential and commercial. Public administration is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Central City folk. Commuting between 20 and 25 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 Central City.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central City.
Research