On average, listings lease in the $20's per square foot per year. The Mountain Brook region is experiencing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the Birmingham market, the Mountain Brook submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 6 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 17% of the available leases in the Mountain Brook are subleases, so you might be able to snag a great spot on a short term. 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 7,930 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 3 stories. Most buildings in this region were built in 1995 and are Class B.