Red Mountain Sublease

Red Mountain

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
4,250
As of: June 24, 2017

Red Mountain Rates

Most listings are in the $10's per square foot per year. The Red Mountain submarket is going through a a rise in rates. In the last 3 months, the median rate increased $20 per sqft per year.

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 depreciated region.

Red Mountain Listing Supply

In the last 90 days, 8 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 213% of the available space 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 4,250 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 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 occupants. 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