Hoover Sublease

Hoover

Office Space Market Report

Number of Listings (last 90 days)
72
Median Rate ($/sqft/yr)
$27
Median Size (sqft)
2,800
As of: December 2, 2016

Hoover Rates

The typical asking rate per listing is in the $20's per square foot per year. The Hoover region is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 9% decrease in rent.

Compared to the rest of the Birmingham market, the Hoover region has greater rates, and you'll need to make a great offer to be in this hot region.

Hoover Listing Supply

In the last 90 days, 73 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available space in the Hoover are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,750 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1988 and are Class A.

Hoover Community

Market Report

Trends and status of the commercial real estate market in Hoover.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Hoover.
Research