Office

SouthLake Plaza| 2,998 SF Premier Office Space in the Hoover Submarket

15 Southlake Ln, Birmingham, AL 35244, USA, Birmingham, AL 35244

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Very Low Confidence

Low

$1.20/SF/mo

Mid

$1.41/SF/mo

High

$1.62/SF/mo

Tier Used

peer_city_transfer

Transferred from peer market indianapolis (similarity: 100%) with 10 comparable listings.

Peer market: indianapolis (100% similarity)

Tier Resolution Trace

Tier 1insufficient_data

Tier 2insufficient_data

Tier 3insufficient_data

Tier 4successselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$1.41/SF/mo	—	peer_city_transfer
Utilities	—	4.0¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$1360/wk	BLS QCEW

Source Provenance (1)

Source	Type	Count	Year	Freshness	Peer
Peer City Transfer	economic_similarity	10	—	real-time	indianapolis (100%)

Data sources used

peer_city_transfer

Description

Office | For Sublease: 2,998 SF Premier 2,998 SF office space available for sublease at SouthLake Plaza in Hoover, AL, featuring a fully renovated top-floor suite with eight private offices, a conference room, and a breakroom. Enjoy Key Facts Free abundant parking: 2.96 spaces/1,000 SF

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

15 Southlake Ln, Birmingham, AL 35244, USA, Birmingham, AL 35244

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the Birmingham office market showed a 15.8% vacancy rate, average asking rents near $16.00/SF/yr, and rents up 16.6% year over year. Source: Cushman & Wakefield Q1 2026 market report.

Projected current pricing

indicative confidence

Projected asking rent

$16.00–$16.63/SF/yr

Estimated sale value

$78–$138/SF

Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Birmingham office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 asking-rent data (benchmark cap rate 6.6%–8.6%, asking rent trend-adjusted to today).

View the full Birmingham Office market report →

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Compare it against other office listings for lease in Birmingham, AL to benchmark pricing and space — view the full market.

Office market FAQ

Is the Birmingham office market tightening or softening?: Vacancy is around 15.8%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Very Low Confidence

$6.35/SF/mo-$8.59/SF/mo

Mid: $7.47/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market indianapolis (similarity: 100%) with 10 comparable listings.

Lease Rate & Market Trend

Market report quarterly trend fallback

Low Confidence

Avg Rent ($/SF/mo) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.