Birmingham, Alabama, is a city that offers a unique blend of history, culture, and economic opportunities, making it an ideal location for businesses to thrive. With its rich history in the field of railroading and a significant presence in the banking sector, Birmingham serves as an important business center in the Southeastern United States. The city is home to major educational institutions, including the University of Alabama at Birmingham, and is a hub for industries such as steel, biotechnology, banking, construction, and engineering. With its diverse economy and strong infrastructure, Birmingham provides an attractive environment for businesses to grow and succeed. Currently, there are 85 retail spaces for lease in Birmingham, offering a range of opportunities for businesses to establish a presence in the city. With average annual rent per square foot at $16 USD, and spaces ranging from 117 square feet to 70,900 square feet, there are options available to suit a variety of business needs.
Birmingham's retail spaces for lease offer a unique opportunity to tap into the city's diverse economy and rich cultural heritage. In addition to retail spaces, Birmingham also offers a range of other property types, including restaurants, medical offices, and office spaces. Restaurants can thrive in Birmingham's vibrant neighborhoods, such as Five Points South and Avondale, which offer a mix of eclectic eateries and entertainment venues. Medical offices can benefit from the city's strong presence in the healthcare industry, with major employers like the University of Alabama at Birmingham and its hospital. Office spaces can take advantage of the city's central business district, Downtown Birmingham, which features a mix of commercial, residential, and cultural attractions. With its diverse range of property types and strong economic infrastructure, Birmingham provides an attractive environment for businesses to grow and succeed.
What is the average cost per square foot for retail space in Birmingham?
On average, retail space in Birmingham can be leased for $16 USD per square foot, with available listings totaling 85 and average space sizes ranging from 4,767 square feet to a maximum of 70,900 square feet.
How do anchor tenants affect surrounding retail space leases?
An anchor tenant, such as a large department store or grocery chain, can significantly impact surrounding retail space leases in Birmingham, Alabama, as their presence can drive foot traffic, increase visibility, and attract other businesses, ultimately influencing lease rates and terms, with currently 85 available listings of retail space, averaging $16 USD per square foot, and ranging in size from 4,767 square feet to 70,900 square feet.
