2023 Office Space Rent & Sales
- $17.45 2023 Avg. Asking Rent
- 22.81% 2023 Office Vacancy Rate
Hoover office price per square foot in 2023 was $17.45 on average. The local office market recorded an average vacancy rate of 22.81% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Alabama Class A & A+ Office Space$23.54
- Alabama Class B Office Space$19.92
- Alabama Class C Office Space$21.24
Hoover, AL Office Asking Rents by Class
2023 Office Vacancy Rates in Hoover
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Vestavia Hills | $22.53 | 13.28% |
| Highway 280 Corridor | $20.83 | 21.64% |
| Hoover | $20.73 | 19.96% |
Office Spaces for Rent in Alabama
Coworking Spaces in Alabama
- Atlanta Coworking Space
- Miami Coworking Space
- Nashville Coworking Space
- Charlotte Coworking Space
- Jacksonville Coworking Space
- Raleigh Coworking Space
- Tampa Coworking Space
- Orlando Coworking Space
- Fort Lauderdale Coworking Space
- Boca Raton Coworking Space
- Durham Coworking Space
- New Orleans Coworking Space
- Memphis Coworking Space
- West Palm Beach Coworking Space
- Louisville Coworking Space
- Alpharetta Coworking Space
- Asheville Coworking Space
- Miami Beach Coworking Space
- Knoxville Coworking Space
- Chattanooga Coworking Space
- Chapel Hill Coworking Space
| Office building | Address | SF | Completed |
|---|---|---|---|
| International Park Place | 2401 International Park Place, 35243 | 20,000 | 2025 |
| International Park Place | 2401 International Park Place, 35243 | 20,000 | 2025 |
| 5576 Grove Blvd | 5576 Grove Blvd, 35226 | 4,500 | 2011 |
| Office for Sale - Hwy 280 Birmingham | 244 Inverness Center Dr, 35242 | 3,229 | 2009 |
| 1800 International Park | 1800 International Park Drive, 35243 | 145,715 | 1999 |
| 2644 Old Rocky Ridge Road | 2644 Old Rocky Ridge Road, 35216 | 2,222 | 1999 |
| 1820 Southpark Drive | 1820 Southpark Drive, 35244 | 9,600 | 1997 |
| 3825 Chase Commerce | 3825 Lorna Rd, 35244 | 25,400 | 1991 |
| Woods Point | 1855 Data Drive, 35244 | 96,601 | 1989 |
| Chase Commerce Park | 3821 & 3829 Lorna Rd, 35244 | 43,000 | 1989 |
Worth noting among recent office completions on the Hoover market is International Park Place, which is currently the largest new office development in the city, at 20,000 square feet.
See reports for other markets
- Birmingham Office Rent Price
- Huntsville Office Rent Price
- Mobile Office Rent Price
- San Diego Office Rent Price
- San Francisco Office Rent Price
- Manhattan Office Rent Price
- Seattle Office Rent Price
- Los Angeles Office Rent Price
- Miami Office Rent Price
- Houston Office Rent Price
- Charlotte Office Rent Price
- Denver Office Rent Price
- Phoenix Office Rent Price
- Washington Office Rent Price
- San Antonio Office Rent Price
- Austin Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Hoover commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.