On average, listings lease in the $20's per square foot per year. The Hoover region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Birmingham market, the Hoover submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 48 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available leases in the Hoover are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,410 sqft. Most buildings in this market are around 2 stories. Most buildings in this region were built in 1988 and are Class A.