Mobile Office Market Report
By CREhunt Research · Data through Q4 2023 · Aggregated from Cushman & Wakefield, Colliers
Quarterly office market indicators for Mobile, aggregated by CREhunt from Cushman & Wakefield, Colliers. As of Q4 2023, average asking rent was $20.16/SF/yr and vacancy was 13.1%, per Cushman & Wakefield.
Projected current office pricing — Mobile
Modeled 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 Cushman & Wakefield asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent held flat). Assumes ~87% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q4 2023 Cushman & Wakefield | $20.16/SF/yr | 13.1% | -5K SF | — | Cushman & Wakefield |
| Q4 2021 Colliers | $90.00/SF/yr | — | 4.2M SF | — | Colliers |
| Q4 2018 Cushman & Wakefield | $20.16/SF/yr | 10.4% | 149K SF | — | Cushman & Wakefield |
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/yr, 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 CREhunt's Mobile market data come from?
- This report aggregates quarterly office market data for Mobile from Cushman & Wakefield, Colliers.