2022 Huntsville Market Survey

The Huntsville commercial real estate market stabilized in 2021. The overall impact of the COVID pandemic is still being felt, but most of the sectors have bounced back very well. Many companies are still studying existing space needs and their future work-from-home plans. We anticipate some downsizing and an increase in vacancy in the office sector. Many existing office leases were executed pre-COVID, so vacancy could be negatively impacted as leases mature. The industrial market was Huntsville’s most active sector, especially in the Greenbrier and Jetplex submarkets where more than 1,000,000 sf of new speculative space was under construction. The number of new retail and multi-family projects continues to increase