Hoover Sublease

Hoover

Office Space Market Report

Number of Listings (last 90 days)
48
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,240
As of: June 23, 2017

Hoover Rates

On average, listings lease in the $10's per square foot per year. The Hoover submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $20 per sqft per year.

Compared to the rest of the Birmingham market, the Hoover submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Hoover Listing Supply

In the last 90 days, 48 listings have come on the market, so you'll want to check back regularly for new listings. About 154% of the available space in the Hoover are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,240 sqft. Most buildings in this area are close to 2 stories. Most buildings in this area 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