Five Points South Sublease

Five Points South

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Five Points South Rates

On average, listings lease in the $20's per square foot per year. The Five Points South region is going through a a rise in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 1% increase in rent.

Compared to the rest of the Birmingham market, the Five Points South submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Five Points South Listing Supply

In the last 90 days, 4 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 5,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this region were built in 1979 and are Class B.

Five Points South Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Five Points South folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.