Mobile Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Mobile is $18.47 per square foot, 11.32% higher compared to the previous year.
  • The average sale price for office space in Mobile is $95.06 per square foot, marking an increase of 284.77% compared to 2024.
  • The market’s vacancy rate stands at 5.21%, lower than the state average of Alabama, which is 11.24%.

2025 Office Space Rent & Sales

  • $18.47 2025 Avg. Asking Rent
  • 11.32% Y-o-Y Avg. Asking Rent Change
  • 5.21% 2025 Office Vacancy Rate
  • $11.5M2025 Total Office Sales
  • $95.06Avg. Sale Price/SF

What is the average asking rent price for office space in Mobile?

Average asking rents for office space here stand at $18.47 per square foot. The local office market recorded an average vacancy rate of 5.21% in 2025, unchanged from 5.21% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $11.5M across 4 sales. These transactions commanded an average sale price per square foot of $95.06.

Mobile, 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.

Mobile, AL Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Mobile was West Mobile at 5.67%. Meanwhile, the highest office vacancy rate in the market was 6.07%, recorded in Midtown.
Submarket Asking Rents Vacancy Rates
West Mobile $17.86 5.67%
Midtown $17.77 6.07%
Data provided by Yardi Research

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2025 Office Sales Volume

  • $95.062025 Avg. Price per SF
  • $11.5M2025 Office Sales Volume
  • 42025 Number of Transactions

What is the average sale price per square foot for office space in Mobile?

Average sale prices for office space in this market recorded a +284.77% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $95.06 per square foot. For comparison, the statewide Alabama average during the same time period stood at $168.61 per square foot, while the national average was $182.48 per square foot.

Mobile, AL Sale Price per SF Trend

  • Mobile Avg. Sale Price per SF in 2025$95.06
  • Alabama Avg. Sale Price per SF in 2025$168.61

What was the total office sales volume in Mobile in 2025?

The local office market recorded 4 deals in 2025, adding up to a yearly sales volume of $11.5M.

  • Mobile, AL Total Office Sales Volume in 2025 $11.5M
  • Mobile, AL Total Number of Office Sales Closed in 2025 4
Data provided by Yardi Research

Office Construction in Mobile, AL

What are the largest recent office completions in Mobile?

The largest recent office completion here is Festival Centre at 391,477 square feet, completed in 1986. The next largest completions are Montlimar Place and Hillcrest Marketplace.

Office building Address SF Completed
Medical Office Building in West Mobile 580 Providence Park Dr E, 36695 21,012 2015
7941 Moffett Rd 7941 Moffett Rd, 36575 9,600 2011
4480 Halls Mill Rd 4480 Halls Mill Rd, 36693 15,070 2009
Hillcrest Marketplace 6300 Grelot Road, 36609 76,200 1997
201 St. Michael Street 201 St. Michael Street, 36602 39,468 1994
1751 Dauphin St., Mobile AL 36604 1751 Dauphin Street, 36604 1,679 1990
1751 Dauphin St., Mobile AL 36604 1751 Dauphin Street, 36604 1,679 1990
Festival Centre 3725 Airport Blvd, 36608 391,477 1986
Montlimar Place 1110 Montlimar Drive, 36609 173,101 1984
1201 Montlimar Drive Mobile 1201 Montlimar Drive Mobile, 36609 42,695 1982
Data provided by Yardi Research

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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.