2026
Graham & Company
Graham Report
2026 Huntsville Market Report
Huntsville's commercial real estate market experienced a healthy 2025 with positive absorption in both the industrial and office markets. The development pipeline in the industrial market has slowed, giving the market time to fill large vacant blocks. The office sector saw vacancy decline for the second consecutive year, driven by user purchases and healthy leasing velocity in CRP and Madison/Jetplex submarkets.
Industrial Vacancy
9.91%
Down from 11.98% in 2024
Office Vacancy
16.01%
Down from 19.43% in 2024
Industrial Absorption
+1.01M SF
vs. negative 821K SF in 2024
Office Absorption
+656K SF
Led by CRP & Jetplex
Industrial Market Overview
35.6M SF across four submarkets — 90.09% occupied
Vacancy for Huntsville's industrial market fell to 9.91% in 2025. Most vacancy is concentrated in the Greenbrier submarket where 1.6 million SF of newer speculative warehouse remains available. Average Class A warehouse rents are above $7.00/SF with 2–3% annual escalations. Net absorption flipped dramatically to a positive 1,013,909 SF after a negative 821,000 SF in 2024.
Occupancy by Submarket
Jetplex
90.4%
North/Central
91.1%
Chase
98.6%
Greenbrier
84.9%
| Submarket | Total SF | Vacant SF | Occupancy |
|---|---|---|---|
| Jetplex | 13,037,121 | 1,253,874 | 90.38% |
| North/Central | 6,799,725 | 603,130 | 91.13% |
| Chase | 5,144,430 | 71,360 | 98.62% |
| Greenbrier | 10,631,538 | 1,602,450 | 84.93% |
| Total | 35,612,814 | 3,530,814 | 90.09% |
Submarket Detail
Click to explore each industrial submarket
Jetplex
Total SF13.04M
Vacancy9.62%
Prior Year7.42%
Market Share35%
Major Tenants: Custom Assembly, Kohler, SES
North/Central
Total SF6.80M
Vacancy8.87%
Prior Year11.85%
Market Share18%
Major Tenants: Meta, Aerojet, Toyota
Chase
Total SF5.14M
Vacancy1.38%
Prior Year1.41%
Market Share14%
Major Tenants: PPG Industries, Hart & Cooley, Kommerling
Greenbrier
Total SF10.63M
Vacancy15.07%
Prior Year20.00%
Market Share33%
Major Tenants: Amazon, Nippon Express, Target, Mazda Toyota Mfg
Office Market Overview
21.1M SF across three submarkets — 84.0% occupied
The Huntsville office market vacancy rate fell to 16.01% in 2025, the second consecutive year of improvement. Positive absorption of 656,000 SF was led by CRP and Madison/Jetplex. Class A office space leases at $30+/SF while Class B runs in the mid-$20s, with 2.5–3% annual rent escalations.
U.S. Space Command Relocation
The move from Colorado Springs to Redstone Arsenal is expected to bring 1,200–1,700 direct jobs and ~3,000 indirect jobs. A 427,000 SF headquarters will be built on Arsenal land, with completion expected in 5–7 years. Most predict around 5,000 total new jobs.
Eli Lilly Manufacturing Facility
Eli Lilly announced plans to invest more than $6 billion toward a next-generation pharmaceutical manufacturing facility in the Greenbrier submarket. The plant is expected to create 450 jobs, with construction beginning in 2026.
Occupancy by Submarket
CRP
83.1%
Jetplex/Madison
90.3%
CBD
84.4%
| Submarket | Total SF | Vacant SF | Occupancy |
|---|---|---|---|
| Cummings Research Park | 14,950,169 | 2,530,115 | 83.08% |
| Jetplex/Madison | 1,893,240 | 183,243 | 90.33% |
| Central Business District | 4,222,715 | 659,035 | 84.40% |
| Total | 21,066,124 | 3,372,393 | 83.99% |
Vacancy Type Breakdown
| Submarket | Single Tenant | Multi-Tenant | Overall |
|---|---|---|---|
| CRP | 14.13% | 21.67% | 16.92% |
| Jetplex | 4.25% | 10.82% | 9.67% |
| CBD | 7.30% | 16.33% | 15.60% |
Cummings Research Park
Total SF14.95M
Vacancy16.92%
Prior Year17.81%
Market Share70%+
Major Tenants: Northrop Grumman, Lockheed Martin, Raytheon, Yulista
Jetplex/Madison
Total SF1.89M
Vacancy9.67%
Prior Year25.76%
Major Tenants: Boeing, City of Madison, Hexagon
Central Business District
Total SF4.22M
Vacancy15.60%
Prior Year18.17%
Major Tenants: Bradley, Bryant Bank, City of Huntsville
Selected Availabilities
Featured properties for lease or sale across the Huntsville market
For Lease
Greenbrier Distribution Center
10121 Greenbrier Parkway, Madison, AL 35756
225,680 SF
- 1st generation Class A industrial
- 32' clear height
- 54 docks with 4 wide drive-in ramps
- 480V, 3000 Amp, 3-phase power
Jeremy D. Pope, CCIM, SIOR
For Sale
300+ Acres
Old Highway 20 @ County Line Road, Huntsville, AL 35756
325 Acres
- Within Huntsville city limits
- All utilities available, including sewer
- Divisible with frontage tracts along Old Hwy 20
- Prime industrial, retail, and commercial lots
Bart Smith, CCIM, SIOR · Tyler Fanning, SIOR
For Lease
PARK 565
23275 & 23363 Bibb Garrett Rd, Tanner, AL 35671
306,354 SF
- Class A industrial in the Greenbrier area
- 1.5 miles to I-65/I-565 interchange
- 480V, 2000 Amp, 3-phase power
- 32' clear height
Jeremy D. Pope, CCIM, SIOR
For Lease
River & Rocket
23366 Bibb Garrett Road, Tanner, AL 35671
54,400 SF
- Class A industrial in Greenbrier area
- 1.5 miles to the I-65/I-565 interchange
- 1000 Amp electrical service
- 50' x 52' bays; 32' clear height
Jeremy D. Pope, CCIM, SIOR
For Lease
1000 James Record Road
Huntsville, AL 35824
204,190 SF
- Located within Jetplex Industrial Park
- 1 mile from International Intermodal Center
- 480/277V, 3000 kVA, 1600 Amp, 3-phase
- Renovated in 2024
Jeremy D. Pope, CCIM, SIOR
For Lease / Sale
Former Adtran HQ
907 Explorer Blvd, Huntsville, AL 35806
424,511 SF on 31+ Acres
- Unique corporate campus in CRP West
- Office, manufacturing, and lab space
Bart Smith, CCIM, SIOR · Tyler Fanning, SIOR
For Lease
Office Building in CRP East
4906 Research Drive, Huntsville, AL 35806
8,000 – 35,000 SF
- Secure flex facility
- Possible SCIF areas
- Two loading docks with roll-up doors
Bart Smith, CCIM, SIOR · Tyler Fanning, SIOR
For Lease
Industrial Flex Development
250 Royal Drive, Madison, AL 35758
8,000 – 10,000 SF (3 bldgs)
- Located in the Jetplex area
- Heated warehouse with 20' eave height
- Dock high and ground level loading
- 120/208V, 400 Amp, 3-phase power
Jeremy D. Pope, CCIM, SIOR
For Lease
Class A Retail — Hwy 72 W
4009 University Drive, Bldg B, Huntsville, AL 35816
3,200 SF
- Walking distance to UAH
- Hwy 72 (University Drive) visibility
- Central to downtown, MidCity, and CRP
George Twitty, Jr.
For Lease
Industrial Flex
5150 N. Memorial Parkway, Huntsville, AL 35810
20,000 SF
- Highly visible Memorial Parkway frontage
- 21'–24' ceiling heights
- Dock high and ground level loading
- Back pad sites for build-to-suit
George Twitty, Jr. · Bart Smith, CCIM, SIOR
For Sale
Former Bank Branch
2004 Country Club Ave, Huntsville, AL 35816
4,106 SF on 0.93 Acres
- Suited for commercial or retail use
- C4 Highway Business zoning
- Three drive-thru lanes; 40 parking spaces
Tyler Fanning, SIOR
For Sale
5+ Acres Adjacent to Publix
1656 Old Monrovia Road, Huntsville, AL 35806
5.03 Acres
- Over 1,000' frontage on Old Monrovia Road
- Adjacent to The Pinnacle at Providence
- C1 Zoning — ideal for retail/mixed-use
Tyler Fanning, SIOR · Bart Smith, CCIM, SIOR
Selected Transactions
Recent deals brokered by Graham & Company
Leased
Office Facility in Jetplex Industrial Park
124 Jetplex Blvd, Huntsville, AL 35824
Represented the landlord in leasing this 63,000 SF industrial facility.
Bart Smith, CCIM, SIOR
Sold
Former Futaba Building
101 Electronics Blvd, Huntsville, AL 35824
Represented the owner in the disposition of this 40,000 SF industrial flex facility.
Bart Smith, CCIM, SIOR
Sold
Industrial Facility in Spacegate
151 & 157 Import Circle, Huntsville, AL 35806
Represented the landlord in the disposition of two fully conditioned industrial facilities (20,000+ SF).
Bart Smith, CCIM, SIOR · Tyler Fanning, SIOR
Sold
Office Building in CRP West
670 Discovery Drive, Huntsville, AL 35806
Represented the owner in disposition of this 38,000 SF office building.
Bart Smith, CCIM, SIOR · Tyler Fanning, SIOR
Leased
Yulista: 100,000+ SF
1816 Remington Trail, Huntsville, AL 35824
Represented Yulista in its lease of over 100,000 SF within Jetplex Industrial Park.
Bart Smith, CCIM, SIOR
Leased
DRS @ Redstone Gateway
7200 & 7400 Redstone Gateway, Huntsville, AL 35808
Represented DRS in its lease of over 131,000 SF at Redstone Gateway.
Tyler Fanning, SIOR
Sold
100,000 SF Office/Retail Building
2009 Beltline Road, Decatur, AL 35603
Represented the owner in the disposition of this 100,000+ SF standalone building.
Tyler Fanning, SIOR
Sold
Land Sale @ Constellation: Cadence Bank
Clinton Ave @ Heart of Huntsville Drive, Huntsville, AL 35801
Represented Cadence Bank in purchasing this half acre lot at Constellation in downtown Huntsville.
Tyler Fanning, SIOR · Dan Lovell, SIOR, LEED AP
Leased
Alutiiq Lease at Highland Office Park
360 Quality Circle, Huntsville, AL 35806
Represented Alutiiq in its lease of over 14,000 SF at Highland Office Park.
Tyler Fanning, SIOR
Leased
PPG @ Research Park Blvd Distribution
6358 Research Park Blvd, Huntsville, AL 35806
Represented PPG in its lease of over 100,000 SF of Class A industrial space.
George Twitty, Jr.
Leased
Daikyo @ Greenbrier Distribution Center
10121 Greenbrier Parkway, Madison, AL 35756
Represented the landlord in leasing 64,000 SF to Daikyo.
Jeremy D. Pope, CCIM, SIOR
Leased
Loftis Steel @ River & Rocket
23366 Bibb Garrett Road, Tanner, AL 35761
Represented both landlord and tenant in leasing 54,600 SF to Loftis Steel.
Jeremy D. Pope, CCIM, SIOR · Bart Smith, CCIM, SIOR
Leased
Temco Lease at Jetplex Center
799 James Record Road, Huntsville, AL 35824
Represented the landlord in leasing 60,000 SF to Temco Logistics.
Jeremy D. Pope, CCIM, SIOR
Leased
OHM Lease in the Jetplex Area
277 Westchester Rd, Bldg 1, Madison, AL 35758
Represented the landlord in leasing 30,000 SF flex industrial space to OHM Intl.
Jeremy D. Pope, CCIM, SIOR
Leased
Wittichen Lease in the Jetplex Area
277 Westchester Rd, Bldg 2, Madison, AL 35758
Represented the landlord in leasing 30,000 SF flex industrial space to Wittichen Supply.
Jeremy D. Pope, CCIM, SIOR
Graham & Company
305 Church Street SW, Suite 710
Huntsville, AL 35801
256.382.9010 · GrahamCompany.com
Huntsville, AL 35801
256.382.9010 · GrahamCompany.com
Bart Smith, CCIM, SIOR
Managing Broker
barts@grahamcompany.com
Jeremy D. Pope, SIOR
Senior Vice President
jeremyp@grahamcompany.com
Tyler Fanning, SIOR
Vice President
tylerf@grahamcompany.com
George Twitty, Jr.
Vice President
georget@grahamcompany.com
About Graham & Company
Founded in 1978, Graham & Company has offices in Birmingham, Huntsville, and Panama City, Florida. Graham offers sales, leasing, property management, and development services of industrial and office properties across the Southeast.
Graham & Company has been involved in the development and management of industrial properties, office buildings, office/service centers. Over the last 20 years, Graham & Company has delivered more than 10 million SF of build-to-suit and speculative industrial and office projects.
Founded in 1978, Graham & Company has offices in Birmingham, Huntsville, and Panama City, Florida. Graham offers sales, leasing, property management, and development services of industrial and office properties across the Southeast.
Graham & Company has been involved in the development and management of industrial properties, office buildings, office/service centers. Over the last 20 years, Graham & Company has delivered more than 10 million SF of build-to-suit and speculative industrial and office projects.