2021 Huntsville Market Survey
The Huntsville commercial real estate market was resilient throughout the COVID-19 outbreak of 2020. While all sectors were immediately impacted by the rolling and confusing shutdowns, the market has stabilized and recovered quite well in a short period of time.
The number of employees working from home increased dramatically in 2020 and this change might have lasting effects as companies re-think their office operations. The Huntsville office market still managed to net positive absorption of 972,501 sf and a vacancy rate of 9.26%, the lowest in several years. Most of the positive activity has taken place at the Redstone Gateway project.