Red Mountain Sublease

Red Mountain

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
4,250
As of: August 16, 2017

Red Mountain Rates

On average, listings lease in the $20's per square foot per year. The Red Mountain region is experiencing a a rise in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 40% rise in rent.

Compared to the rest of the Birmingham market, the Red Mountain submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.

Red Mountain Listing Supply

In the last 90 days, 8 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 263% of the listings in the Red Mountain are subleases, so you might be able to find a shorter term or below market rent. 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 4,250 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this area were built in 1975 and are Class A.

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 market. 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