Central City Sublease

Central City

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,950
As of: August 21, 2017

Central City Rates

Most listings are in the $10's per square foot per year. The Central City region is going through a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 21% decrease in rent.

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

Central City Listing Supply

In the last 90 days, 29 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 172% of the listings in the Central City are subleases, so you might be able to snag a great spot on a short term. 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 3,950 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 4 stories. Most buildings in this area 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 market. 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