2023 Office Space Rent & Sales
- $16.12 2023 Avg. Asking Rent
- -1.82% Y-o-Y Avg. Asking Rent Change
- 5.03% 2023 Office Vacancy Rate
Mobile office price per square foot in 2023 was $16.12 on average. This marked a -1.82% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 5.03% 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
Mobile, AL Office Asking Rents by Class
2023 Office Vacancy Rates in Mobile
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Downtown | $19.60 | 3.36% |
| West Mobile | $16.50 | 3.89% |
| Midtown | $14.64 | 7.49% |
Office Spaces for Rent in Alabama
Coworking Spaces in Alabama
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2023 Office Construction in Mobile, AL
| Office building | Address | SF | Completed |
|---|---|---|---|
| Two-Story Building w/Beautiful Gulf Views | 625 16th Street, 39507 | 7,616 | 2008 |
| 4519 Cypress Business Park Drive | 4519 Cypress Business Park Dr, 36619 | 2,400 | 2004 |
| Hillcrest Office Building | 1132 Hillcrest Rd, 36695 | 3,000 | 2002 |
| 6660 Wall St | 6660 Wall St, 36695 | 4,000 | 2000 |
| Hillcrest Marketplace | 6300 Grelot Road, 36609 | 76,200 | 1997 |
| 900 Montlimar Dr | 900 Montlimar Dr, 36609 | 5,240 | 1994 |
| McGregor Square | 3930 Airport Blvd, 36608 | 167,193 | 1993 |
| 6420 Wall St | 6420 Wall St, 36695 | 14,862 | 1993 |
| 4521 Higgins Rd | 4521 Higgins Rd, 36619 | 17,002 | 1989 |
| 3213 Executive Park Cir | 3213 Executive Park Cir, 36606 | 7,285 | 1989 |
Worth noting among recent office completions on the Mobile market is Two-Story Building w/Beautiful Gulf Views, which is currently the largest new office development in the city, at 7,616 square feet.
See reports for other markets
- Birmingham Office Rent Price
- Huntsville Office Rent Price
- Hoover Office Rent Price
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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 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 Mobile 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.