Mobile Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $16.60 2024 Avg. Asking Rent
  • 2.95% Y-o-Y Avg. Asking Rent Change
  • 8.79% 2024 Office Vacancy Rate

Mobile office price per square foot in 2024 was $16.60 on average. This marked a +2.95% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 8.79% 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

Mobile, AL Office Asking Rents by Class

2024 Office Vacancy Rates in Mobile

Submarket Asking Rents Vacancy Rates
West Mobile $16.86 6.43%
Midtown $15.90 17.68%
Data provided by Yardi Research
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 Mobile market was 8.79% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Mobile was 6.43% in the West Mobile submarket, while the highest office vacancy in the market was 17.68%, recorded in Midtown.

Office Spaces for Rent in Alabama

Coworking Spaces in Alabama

2024 Office Construction in Mobile, AL

Largest Office Properties Recently Completed in Mobile
Office building Address SF Completed
Midtown Mobile 100 North Florida Street, 36607 62,335 2018
Medical Office Building in West Mobile 580 Providence Park Dr E, 36695 21,012 2015
1916 Airport Blvd-Jimmy Buffet Recording Studio Property 1916 Airport Blvd, 36606 3,696 2014
7941 Moffett Rd 7941 Moffett Rd, 36575 9,600 2011
Hillcrest Marketplace 6300 Grelot Road, 36609 76,200 1997
201 St. Michael Street 201 St. Michael Street, 36602 39,468 1994
202 Congress St 202 Congress St, 36603 4,530 1994
10 Midtown Park W 10 Midtown Park W, 36606 4,665 1992
209 Saint Louis St 209 Saint Louis St, 36602 1,588 1990
2651 Cameron St 2651 Cameron St, 36607 9,025 1987

Worth noting among recent office completions on the Mobile market is Midtown Mobile, which is currently the largest new office development in the city, at 62,335 square feet.

Data provided by Yardi Research

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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 Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.