Mobile Office Market Report
By PropZone Research · Data through Q4 2023 · Aggregated from Cushman & Wakefield, CBRE, Colliers
Quarterly office market indicators for Mobile, aggregated by PropZone from Cushman & Wakefield, CBRE, Colliers. As of Q4 2023, average asking rent was $20.16/SF with a 13.1% vacancy rate.
Projected current office pricing — Mobile
indicative confidenceModeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Mobile 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 Q4 2023 asking-rent data (benchmark cap rate 6.6%–8.6%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q4 2023 | $20.16/SF | 13.1% | -5K SF | — | Cushman & Wakefield |
| Q4 2023 | — | 7.5% | 2K SF | — | CBRE |
| Q4 2021 | $90.00/SF | — | 4.2M SF | — | Colliers |
| Q4 2018 | $20.16/SF | 10.4% | 149K SF | — | Cushman & Wakefield |
How the brokerage sources compare
For Q4 2023, the brokerages PropZone aggregates for Mobile office did not fully agree. On vacancy, the sources span 5.6 points — from 7.5% (CBRE) to 13.1% (Cushman & Wakefield). PropZone reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| CBRE | 7.5% | — | — |
| Cushman & Wakefield | 13.1% | $20.16/SF | — |
Per-brokerage figures for Q4 2023, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for office space in Mobile?
- As of Q4 2023, the average asking rent for office space in Mobile was $20.16/SF, per Cushman & Wakefield.
- What is the office vacancy rate in Mobile?
- The office vacancy rate in Mobile was 13.1% as of Q4 2023 (Cushman & Wakefield).
- Where does PropZone's Mobile market data come from?
- This report aggregates quarterly office market data for Mobile from Cushman & Wakefield, CBRE, Colliers.
- How much do brokerage estimates differ for office space in Mobile?
- For Q4 2023, the brokerage sources PropZone aggregates for Mobile did not fully agree. On vacancy, the sources span 5.6 points — from 7.5% (CBRE) to 13.1% (Cushman & Wakefield). PropZone reconciles these into a single consensus median rather than relying on any one brokerage.