2026

BIRMINGHAM

Q2 2026 Birmingham Market Report
Market stats based on a specific set of tracked properties for Industrial and Office sectors.
Industrial Occupancy
89.9%
19.5M SF tracked market
Industrial Vacancy
1,965,318 SF
Office Occupancy
79.2%
17.6M SF across 5 submarkets
Office Absorption
(23,939) SF
Net negative Q2 2026
Industrial Market Overview
19,529,579 SF across 5 submarkets | 89.9% occupied
Occupancy by Submarket
East
94.8%
South
93.0%
Central
89.1%
Southwest
88.3%
Oxmoor
86.9%
Submarket Total SF Vacant SF Occupancy
Central4,865,414532,66689.1%
East2,310,356125,34094.8%
South4,293,985301,45993.0%
Oxmoor4,506,766590,72086.9%
Southwest3,553,058415,13388.3%
Total19,529,5791,965,31889.9%
Central
Total SF4,865,414
Vacancy10.9%
Bulk Occupancy87.8%
Office/Whse Occ.97.9%
Service Ctr Occ.100.0%
East
Total SF2,310,356
Vacancy5.4%
Bulk Occupancy94.4%
Office/Whse Occ.94.3%
South
Total SF4,293,985
Vacancy7.0%
Bulk Occupancy92.2%
Office/Whse Occ.92.8%
Service Ctr Occ.97.4%
Oxmoor
Total SF4,506,766
Vacancy13.1%
Bulk Occupancy85.4%
Office/Whse Occ.95.7%
Service Ctr Occ.86.7%
Southwest
Total SF3,553,058
Vacancy11.7%
Bulk Occupancy87.6%
Office/Whse Occ.96.1%
Inventory by Product Type
Bulk Distribution
15.7M SF (80.4%)
Office Warehouse
2.8M SF (14.4%)
Service Center
1.0M SF (5.2%)
Office Market Overview
17,606,165 SF across 5 submarkets — 79.2% occupied
Occupancy by Submarket
Midtown
90.2%
Southern
82.7%
Vulcan/Oxmoor
79.7%
CBD/Downtown
76.1%
Hwy 280/I-459
71.1%
Submarket Vacancy Rate Avg. Quoted Rate Q2 Absorption
Highway 280/I-45928.9%$22.9419,764 SF
CBD/Downtown23.9%$23.11(17,194) SF
Vulcan/Oxmoor20.3%$17.6026,058 SF
Southern17.3%$20.46(83,394) SF
Midtown9.8%$28.6630,827 SF
Overall Market20.8%$23.71(23,939) SF
Highway 280/I-459
Vacant SF1,291,633
Vacancy Rate28.9%
Q2 Absorption+19,764 SF
Avg. Rate$22.94/SF
CBD/Downtown
Vacant SF1,148,663
Vacancy Rate23.9%
Q2 Absorption(17,194) SF
Avg. Rate$23.11/SF
Midtown
Vacant SF356,028
Vacancy Rate9.8%
Q2 Absorption+30,827 SF
Avg. Rate$28.66/SF
Southern
Vacant SF487,436
Vacancy Rate17.3%
Q2 Absorption(83,394) SF
Avg. Rate$20.46/SF
Vulcan/Oxmoor
Vacant SF275,682
Vacancy Rate20.3%
Q2 Absorption+26,058 SF
Avg. Rate$17.60/SF
Average Quoted Rate by Submarket ($/SF)
$18 $21 $24 $27 Midtown CBD/Downtown Hwy 280/I-459 Southern Vulcan/Oxmoor $28.66 $23.11 $22.94 $20.46 $17.60
Selected Transactions
Q2 2026 — 16 transactions closed · $25.2M+ in disclosed sale value
Freestanding Flex Building Sold
Freestanding Flex Building
3317 6th Avenue South, Birmingham, AL 35222
15,922 SF
$1,750,000
Matt Gilchrist, sior · Sam Carroll, sior
Represented: Seller
Freestanding Former Bank-Auburn Sold
Freestanding Former Bank-Auburn
1433 Opelika Rd, Auburn, AL 36830
1,638 SF
$1,145,000
Sam Carroll, sior · Matt Gilchrist, sior
Represented: Buyer
CBD Office Lease Leased
CBD Office Lease
1801 5th Avenue North, Birmingham, AL 35203
15,394 SF
Dan Lovell, sior, leed ap
Represented: Landlord
Carlisle Moore Architects, Inc. Leased
Carlisle Moore Architects, Inc.
2805 Cahaba Road, Birmingham, AL 35223
9,998 SF
Matt Gilchrist, sior · Sam Carroll, sior
Represented: Tenant
UAB St. Vincent's East Medical Center Leased
UAB St. Vincent's East Medical Center
52 Medical Park Drive E, Suite 220, Birmingham, AL 35235
7,343 SF
Jerry Grant, ccim
Represented: Landlord
International Park Lease Leased
International Park Lease
1800 International Park, Suite 550, Birmingham, AL 35242
13,052 SF
Matt Gilchrist, sior · Sam Carroll, sior
Represented: Landlord
Moody Industrial Facility Leased
Moody Industrial Facility
2249 Moody Parkway, Moody, AL 35004
251,000 SF
Jack Brown, sior
Represented: Tenant
Trussville Warehouse Sold
Trussville Warehouse
1811 Woodlands Industrial Drive, Birmingham, AL 35173
130,000 SF
$7,250,000
Sonny Culp, sior
Represented: Seller
Bulk Distribution Facility Leased
Bulk Distribution Facility
2415 US Highway 78, Moody, AL 35004
297,554 SF
Ogden Deaton, sior · John Coleman, sior
Represented: Landlord
Auburn Industrial Facility Sold
Auburn Industrial Facility
2270 Riley Street, Auburn, AL 36832
120,000 SF
$11,500,000
John Coleman, sior
Represented: Buyer
Opelika Warehouse Leased
Opelika Warehouse
510 Walker Street, Opelika, AL 36801
112,000 SF
John Coleman, sior · Ogden Deaton, sior
Represented: Landlord
Bessemer Office/Warehouse Sold
Bessemer Office/Warehouse
1121 Greenwood Crossings, Bessemer, AL 35022
775,000 SF
$775,000
Jordan Tubb, sior
Represented: Buyer
CBD Manufacturing Facility Leased
CBD Manufacturing Facility
3540 27th Avenue, Birmingham, AL 35207
99,574 SF
Sonny Culp, sior
Represented: Landlord
Cross Dock Facility With Yard Sold
Cross Dock Facility With Yard
3654 Industrial Parkway, Birmingham, AL 35217
11,785 SF
$1,295,000
Jack Brown, sior · Jordan Tubb, sior
Represented: Seller
Crane Served Warehouse Leased
Crane Served Warehouse
600 Car Tech Drive, Opelika, AL 36801
48,950 SF
John Coleman, sior · Ogden Deaton, sior
Represented: Landlord
Office/Warehouse on 9.32 Acres Sold
Office/Warehouse on 9.32 Acres
550 Belview Street, Bessemer, AL 35020
16,000 SF
$1,500,000
Ogden Deaton, sior
Represented: Seller
Grahamlogo
1801 5th Ave North, Suite 300
Birmingham, AL 35203
205.871.7100 · grahamcompany.com