A year after attending my first CCIM/NAIOP Central Alabama Commercial Market Symposium, not much has changed.
Philip Currie, president of J.H. Berry & Gilbert Inc., said the office market is “flatline,” despite several big deals in the works.
Graham & Co. Vice President John Coleman said the industrial market is slow, but that activity has picked up this year.
Greg Hess of The Shopping Center Group said restaurants are leading retail’s recovery. He also pointed to several retailers looking at Birmingham, including Panda Express and Dave & Buster’s.
But like last year, the multifamily report was the most optimistic. Bill Dobbins of the Dobbins Group told the crowd to expect more developments in Birmingham like the one being considered for a vacant Barber Cos. lot in Lakeview.
Check out our print edition next week for a more detailed look at each sector, and what to expect in 2013.
[fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][ Read article at bizjournals.com ][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]