On average, listings lease in the $20's per square foot per year. The Homewood submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Birmingham market, the Homewood region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 34 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,800 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1987 and are Class A.