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The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Northside submarket is experiencing a a rise in rates. In the last 3 months, the median rate for lease went up $2 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Birmingham commercial real estate market, the Northside submarket has greater rates for rent, and you may need to pay a premium to be in this hot region.
In the last 90 days, 534 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. 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 size for office space in this area is around 130 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this market were built approximately 1924 and are Class B.
A large portion of this region is residential, but there's plenty of office space. Information is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Northside folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Northside.
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