Hoover Sublease

Hoover

Office Space Market Report

Number of Listings (last 90 days)
80
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
2,610
As of: January 23, 2017

Hoover Rates

Most listings are in the $20's per square foot per year. The Hoover region is experiencing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% rise in rent.

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

Hoover Listing Supply

In the last 90 days, 80 listings have been posted online, 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 have to focus your search on direct office leases. 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 2,610 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region 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