Huntsville Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $22.48 2024 Avg. Asking Rent
  • 17.56% 2024 Office Vacancy Rate

Huntsville office price per square foot in 2024 was $22.48 on average. The local office market recorded an average vacancy rate of 17.56% 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

2024 Average Office Rent per Square Foot

  • Alabama Class A & A+ Office Space$23.07
  • Alabama Class B Office Space$21.05
  • Alabama Class C Office Space$17.64

Huntsville, AL Office Asking Rents by Class

2024 Office Vacancy Rates in Huntsville

Submarket Asking Rents Vacancy Rates
Huntsville - Downtown $32.15 15.27%
Madison $21.87 21.91%
Huntsville - West $18.30 17.26%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Huntsville market was 17.56% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Huntsville was 15.27% in the Huntsville - Downtown submarket, while the highest office vacancy in the market was 21.91%, recorded in Madison.

Office Spaces for Rent in Alabama

Coworking Spaces in Alabama

2024 Office Construction in Huntsville, AL

  • Huntsville, AL Total SF completed in 2024 54,000
  • Huntsville, AL Total SF under construction in 2025 35,360

During 2024, 54,000 square feet of new office space were delivered across the market. At the close of 2024, the Huntsville office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 54,000 square feet of office space. Looking forward, development activity throughout 2025 is estimated to add 35,360 square feet of office space to the market, before year-end.

Largest Office Properties Recently Completed in Huntsville
Office building Address SF Completed
3409 Memorial Pkwy SW 3409 Memorial Pkwy SW, 35801 7,600 2024
3810 Governors Drive 3810 Governors Drive, 35805 49,000 2022
The Range 3810 Governors Drive, 35805 49,000 2022
320 Pelham Ave SW 320 Pelham Ave SW, 35801 28,512 2017
Cummings Research Park West - 345 Bob Heath Drive 345 Bob Heath Drive, 35806 120,000 2013
4025 Pepperwood Cir SW 4025 Pepperwood Cir SW, 35801 8,886 2010
809 Shoney Drive SW 809 Shoney Drive SW, 35801 53,400 2009
West Point Office Center 1101 McMurtrie Dr, 35806 42,000 2009
470 Providence Main 470 Providence Main St NW, 35806 24,024 2008
Cummings Research Park West - Technology Point Office Park 7027 Old Madison Pike NW, 35806 69,144 2007

Worth noting among recent office completions on the Huntsville market is 3409 Memorial Pkwy SW, which is currently the largest new office development in the city, at 7,600 square feet.

Data provided by Commercial Edge

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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Huntsville 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.