Red Mountain Sublease

Red Mountain

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
8,090
As of: July 21, 2017

Red Mountain Rates

The typical asking rate per listing is in the $20's per square foot per year. The Red Mountain region is seeing a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 9% rise in rent.

Compared to the rest of the Birmingham market, the Red Mountain region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

Red Mountain Listing Supply

In the last 90 days, 8 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 213% of the listings in the Red Mountain 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 8,090 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1975 and are Class C.

Red Mountain Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Red Mountain residents. 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 Red Mountain.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Red Mountain.
Research