Office space in Alabama
Search office space records in Alabama to find the property data you need. Reonomy provides the most comprehensive commercial real estate information available through the aggregation of commercial property records and data. Search through Alabama commercial property sales records, owner records and tax records. Signup for a free trial to uncover more information and search by filters including sales history, debt and owner.
Popular searches around Alabama
Reonomy operates the most comprehensive database for Alabama Office Space and other commercial real estate assets across the U.S. Reonomy includes over 47 million commercial real estate properties, each property features sales, debt, tax and ownership data. Reonomy attracts a large community of Alabama commercial real estate professionals. Members from Alabama include brokers, investors and service providers, many of whom specialize in Alabama Office Space.
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Alabama office space sold prices and values
The average assessed value of office spaces in Alabama is $177,745. Office space sale prices in Alabama have a median of $205,595. The last 24 months of sales history has seen 1,772 sales, with 796 sales greater than $250,000, 260 sales valued at over $1,000,000, and 32 sales valued at over $10,000,000. The average price per square foot of office spaces in Alabama over the last 24 months is $56.
| Values and sold prices (last 24 months) | United States | Alabama |
|---|---|---|
| Average price/sqft | $1,266 | $120 |
| Median price/sqft | $111 | $56 |
| Average sold price | $4,076,444 | $1,117,752 |
| Median sold price | $361,911 | $205,595 |
| Number of sales | 77,344 | 1,772 |
| Number of sales over $250k | 47,107 | 796 |
| Number of sales over $1m | 20,539 | 260 |
| Number of sales over $10m | 4,253 | 32 |
| Average total tax amount | $37,001 | $9,575 |
| Average assessed value | $1,479,681 | $177,745 |
| Average market value | $1,496,828 | $932,487 |
Alabama office space property averages
The average lot size of office spaces in Alabama is 22,323 sf. This is 26% above the United States average. The average building area is 48 sf and the median year built is 1984.
| Property averages | United States | Alabama |
|---|---|---|
| Average lot size | 480,933 sf | 13,675,544 sf |
| Median lot size | 17,137 sf | 22,323 sf |
| Average building area | 953 sf | 112 sf |
| Median building area | 84 sf | 48 sf |
| Median year built | 1983 | 1984 |
| Average number of units | 28 | 58 |
| Median number of units | 4 | 19 |
Alabama office space total supply
There are 24,252 office spaces in Alabama. This is 189% below the United States average. The total acerage is 2,942,942 acres and the aggregate building area for office spaces in Alabama is 896,509 sf.
| Supply | United States | Alabama |
|---|---|---|
| Number of parcels | 917,404 | 24,252 |
| Aggregate lot acerage | 9,904,025 | 2,942,942 |
| Aggregate building area | 419,989,284 sf | 896,509 sf |
| Aggregate units | 9,063,371 | 152,492 |
Alabama office space industrial mortgages
There are 10,773 mortgages for office spaces across Alabama in the Reonomy database. The average value of those mortgages is $3,740,123. This is 72% below the United States average.
| Debt | United States | Alabama |
|---|---|---|
| Number of mortgages | 1,422,215 | 10,773 |
| Average value of mortgages | $8,014,921 | $3,740,123 |
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