On average, listings lease in the $40's per square foot per year. The Downtown Birmingham region is going through a decrease in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 1% decline in rent.
Compared to the rest of the Metro Detroit market, the Downtown Birmingham region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 11 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,200 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 3 floors. Most buildings in this region were built in 1970 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Birmingham folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.