On average, listings lease in the $30's per square foot per year. The Homewood submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Birmingham market, the Homewood region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 22 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 9,730 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1980 and are Class A.