On average, listings lease in the $40's per square foot per year. The Birmingham region is going through a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% decline in rent.
Compared to the rest of the Metro Detroit market, the Birmingham submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 14 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,030 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1970 and are Class B.