The typical asking rate per listing is in the $20's per square foot per year. The Southside region is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 16% decrease in rent.
Compared to the rest of the Birmingham market, the Southside region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 233% of the office spaces in the Southside 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 1 floors. Most buildings in this market were built in 1951 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Southside residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.