Birmingham Reports

The Birmingham metro’s industrial real estate market had a banner year in 2017, absorbing over 500,000 SF of multi-tenant space, the highest amount of annual absorption throughout the past 10 years. The multi-tenant occupancy rate jumped 3.5% and is now approximately 94.0%. The multi-tenant market has become increasingly tighter; with only 900,000 SF of space [...]

In 2016, the overall Birmingham Office Market posted -519,151 sf of absorption. While this number seems high, it represents less than 2% of the total market. The majority of this decline can primarily be attributed to three tenants vacating large spaces. Despite this setback, confidence in the market remains high with new developments in the [...]