Highlights
- The average rent for office space in Hoover is $18.26 per square foot, 2.26% higher compared to the previous year.
- The market’s vacancy rate stands at 16.50%, higher than the state average of Alabama, which is 11.24%.
2025 Office Space Rent & Sales
- $18.26 2025 Avg. Asking Rent
- 2.26% Y-o-Y Avg. Asking Rent Change
- 16.50% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Hoover?
Average asking rents for office space here stand at $18.26 per square foot. The local office market recorded an average vacancy rate of 16.50% in 2025, unchanged from 16.50% in 2024.
Hoover, AL Office Asking Rents by Class
What is the average office rent per square foot by property class in AL?
- Avg. Asking Rent Class A & A+$22.58
- Avg. Asking Rent Class B$21.59
- Avg. Asking Rent Class C$17.58
For comparison, the average rent for Class A and A+ office space in Alabama was $22.58 per square foot. The state-wide average for Class B space was $21.59 per square foot, and Class C office spaces averaged $17.58 per square foot.
Hoover, AL Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Highway 280 Corridor | $21.34 | 18.16% |
| Hoover | $20.81 | 15.16% |
| Vestavia Hills | $19.84 | 15.00% |
What are the largest recent office completions in Hoover?
The largest recent office completion here is 250 Riverchase Pkwy East at 454,543 square feet, completed in 1995. The next largest completions are 1800 International Park and 4601 Southlake Parkway.
| Office building | Address | SF | Completed |
|---|---|---|---|
| International Park Place | 2421 International Park Place, 35243 | 20,000 | 2025 |
| International Park Place | 2421 International Park Place, 35243 | 20,000 | 2025 |
| Office Space For Lease - 4956 Valleydale Rd | 4956 Valleydale Rd, 35242 | 10,688 | 2002 |
| Freestanding Riverchase Office Building | 4 Riverchase Ridge, 35244 | 9,962 | 2002 |
| Office Warehouse For Lease (524 Mineral Trace Dr) | 524 Mineral Trace, 35244 | 7,200 | 2000 |
| 1800 International Park | 1800 International Park Drive, 35243 | 145,715 | 1999 |
| Freestanding Riverchase Office Building | 2176 Parkway Lake Dr, 35244 | 10,822 | 1997 |
| 250 Riverchase Pkwy East | 250 Riverchase Pkwy East, 35244 | 454,543 | 1995 |
| Office Suite For Lease | 3525 Lorna Ridge Drive, 35216 | 5,000 | 1992 |
| 4601 Southlake Parkway | 4601 Southlake Parkway, 35242 | 40,000 | 1990 |
See reports for other markets
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.