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Commercial Real Estate in Birmingham, AL - 259 Properties Available

  • 55 & 65 Bagby Drive - Homewood
    65 Bagby Drive, West Homewood, Homewood, AL 35209
    For Lease $13.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 7 Spaces
    • 142,058 Sqft
  • Patriot Midtown Park - Birmingham
    210 Wildwood Pkwy, West Homewood, Birmingham, AL 35209
    For Lease $21.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 9 Spaces
    • 119,122 Sqft
  • Concourse Center - Hoover
    100 Concourse Pkwy, Gables - Sterling Oaks, Hoover, AL 35244
    For Lease $18.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 42,928 Sqft
  • Century Park South - Birmingham
    100 Century Park South, Castlehill - Gentilly Forest, Birmingham, AL 35226
    For Lease $14.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 15 Spaces
    • 38,808 Sqft
  • Beacon Ridge Tower - Birmingham
    600 Beacon Pkwy West, Glen Iris, Birmingham, AL 35209
    For Lease $16/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 28,328 Sqft
  • Lorna Square - Hoover
    200 Lorna Square, Chapel Hill, Hoover, AL 35216
    For Lease $14/Sqft/Yearly
    Property
    • Office
    Availability
    • 15 Spaces
    • 24,438 Sqft
  • Chase Park South - Hoover
    100 Chase Park South, Gables - Sterling Oaks, Hoover, AL 35244
    For Lease $14.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 9 Spaces
    • 23,106 Sqft
  • New South Center - Irondale
    1900 Crestwood Blvd, Old Irondale, Irondale, AL 35210
    For Lease $15 - $30.3/Sqft/Yearly
    Property
    • Office
    Availability
    • 10 Spaces
    • 14,141 Sqft
  • Grand Twin Towers - Homewood
    234 Goodwin Crest Drive, West Homewood, Homewood, AL 35209
    For Lease $13.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 12,116 Sqft
  • 300 Office Park Drive - Mountain Brook
    300 Office Park Drive, Old Mountain Brook, Mountain Brook, AL 35223
    For Lease $18.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 10,892 Sqft
  • Riverchase Office Plaza - Hoover
    2 Riverchase Office Plaza, Gables - Sterling Oaks, Hoover, AL 35244
    For Lease $14.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 7,684 Sqft
  • New South Federal Building - Birmingham
    215 Richard Arrington Jr. Blvd North, Downtown Birmingham, Birmingham, AL 35203
    For Lease $20/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 3,800 Sqft
  • 2101 Highland Avenue South - Birmingham
    2101 Highland Avenue South, Five Points South, Birmingham, AL 35205
    For Lease $21.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 1,906 Sqft
  • Lakeshore Corporate Center - Birmingham
    490 Lakeshore Pkwy, Oxmoor, Birmingham, AL 35211
    For Lease $12.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 120,000 Sqft
  • 104 Inverness Center - Birmingham
    104 Inverness Center Pkwy, Inverness Cove, Birmingham, AL 35242
    For Lease $22/Sqft/Yearly
    Property
    • Office
    Availability
    • 6 Spaces
    • 92,278 Sqft
  • 801 Tom Martin Street - Bessemer
    801 Tom Martin Street, Oxmoor, Bessemer, AL 35020
    For Lease $17.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 91,061 Sqft
  • Financial Center - Birmingham
    505 20th Street North, Downtown Birmingham, Birmingham, AL 35203
    For Lease $20/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 81,632 Sqft
  • Acton Ridge - Vestavia Hills
    2550 Acton Road, Longleaf - Altadena Park, Vestavia Hills, AL 35243
    For Lease $23.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 6 Spaces
    • 56,915 Sqft
  • Grandview II - Birmingham
    3595 Grandview Pkwy, Cahaba Commons, Birmingham, AL 35243
    For Lease $22.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 8 Spaces
    • 53,566 Sqft
  • Vulcan Building - Homewood
    105 Vulcan Road, West Homewood, Homewood, AL 35209
    For Lease $17.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 51,700 Sqft
  • PNC Bank Building - Birmingham
    1927 1st Avenue North, Downtown Birmingham, Birmingham, AL 35203
    For Lease $15/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 42,836 Sqft
  • Colonial Center Blue Lake - Birmingham
    3500 Blue Lake Drive, Cahaba Commons, Birmingham, AL 35243
    For Lease $22/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 19,502 Sqft
  • Colonnade - 3500 Colonnade Pkwy - Birmingham
    3500 Colonnade Pkwy, Cahaba Commons, Birmingham, AL 35243
    For Lease $23.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 18,244 Sqft
  • Colonnade - 3700 Colonnade Pkwy - Birmingham
    3700 Colonnade Pkwy, Cahaba Commons, Birmingham, AL 35243
    For Lease $23.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 3 Spaces
    • 17,253 Sqft
  • Concord Center - Birmingham
    2100 3rd Avenue North, Downtown Birmingham, Birmingham, AL 35203
    For Lease $23.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 5 Spaces
    • 17,215 Sqft

Birmingham, AL Economic Overview

Location Photo

Birmingham offers considerable benefits for entrepreneurs, home buyers and employees. Thumbtack ranked it as the number 3 city in the country for women entrepreneurs. Birmingham also ranks among the top 10 markets for first-time homebuyers, as well as employee engagement (according to Forbes) and second in the country for median income growth (according to the Wall Street Journal).

Birmingham is an attractive investment destination, featuring multiple industries, such as: biotechnology and medical research; banking; steel industries and telecommunications.

The city boasts a strong consumer base, seeing as Birmingham houses the largest population within the state of Alabama. Among the 100 largest U.S. cities, Birmingham has the highest sales tax of, 10%, which also applies to groceries.

Birmingham, AL Commercial Real Estate Market

One of the key industries that played a key role in the Birmingham economy from the start is the steel industry. It may not be as prominent as it once was, but it still has a significant impact. The city is home to several of the largest steelmakers in the United States, such as Nucor, CMC Steel, and U.S. Steel.

Since the 1970s and 1980s, Birmingham was transformed by and became a major hub for biotechnology and medical research investment, centered around the University of Alabama at Birmingham (UAB). Its adjacent hospital, a Level I trauma center, consistently delivers breakthrough medical research. Other notable health care service providers include Diagnostic Health Corporation, Caremark RX, Surgical Care Affiliates, and Health South.

Birmingham was ranked the 10th largest banking sector within the U.S. in 2014. Two major banks are headquartered here: BBVA Compass, and Regions Financial Corporation. Although Birmingham commercial real estate is on an overall upswing, in 2015, the Birmingham office market began registering an increase in vacancy.

West Homewood office space had the highest vacancy rate, of 22.2%, despite having the lowest average asking rent per square foot. In contrast, Midtown Birmingham office space had the lowest vacancy rate of 7.2%, although average asking rent per square foot was among the highest.

Birmingham, AL Office Sales Volume

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Birmingham, AL Office Transactions

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Birmingham, AL Commercial Inventory Breakdown

Office Spaces

Total: 28,103,920 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 5,357,501 SF / 19.06% of total office
  • 100k to 500k SF: 17,833,749 SF / 63.46% of total office
  • 500k to 1M SF: 3,528,166 SF / 12.55% of total office
  • > 1M SF: 1,384,504 SF / 4.93% of total office

By class:

  • Class A: 16,155,826 SF / 57.49% of total office
  • Class B: 9,435,660 SF / 33.57% of total office
  • Class C: 2,412,434 SF / 8.58% of total office

Employment in Birmingham, AL

Employment

Due to competitive salary rates, complemented by relatively low living expenses, the Birmingham metropolitan area has consistently been ranked among the best places to work and earn a living in America.

Top industries with the highest number of employers include:

  • Educational services The University of Alabama at Birmingham is the largest employer in the city, with approximately 23,000 employees;
  • Financial services and banking Regions Financial Corp. has about 7,134 financial services employees;
  • Health care services St. Vincent's Health System has a dedicated workforce of about 4,786 employees, Baptist Health System, Inc. offers approximately 4,633 job opportunities and Children's of Alabama has about 4,543 workers;
  • Telecommunications AT&T has around 4,517 workers in its payroll.

Companies located in Birmingham include:

  • Insurance companies like Protective Life, ProAssurance, Infinity Property & Casualty, and Liberty National;
  • Construction and Engineering companies such as Robins & Morton, B.L. Harbert International, Brasfield & Gorrie, and BE&K;
  • Manufacturing is represented by two of the largest soft-drink bottlers in the U.S.–the Buffalo Rock Co. and The Coca-Cola Bottling Co.

The unemployment rate in Birmingham is 0.3% higher than the overall U.S. rate of 4.7% (as of April 2017). In the 3rd quarter of 2016, the Birmingham average weekly wage in all industries was $964, which is slightly lower than the overall U.S. average of $1,027.

Education in Birmingham, AL

Birmingham City possesses a higher percentage of bachelor’s degree holders (16.6% in 2015), compared to the Alabama state average of 15.4%. The city’s 62 schools enroll approximately 30,500 learners.

Home to highly respected colleges and universities, Birmingham includes a total of 14 institutions of higher learning. The University of Alabama at Birmingham is one of the nation’s top medical schools, the Birmingham-Southern College is a leading liberal arts college and Samford University’s Cumberland School of Law is a highly respected law school. Several community colleges and technical schools offer a variety of professional training courses.

Commuting Time in Birmingham, AL

Birmingham residents average 20.9 minutes of travel time, which is shorter than the 24.8-minute national average. And only 1.3% of the Birmingham workforce has 90+ minute “super commutes."

A diverse road network helps ease traffic, consisting of four Interstate Highways: Interstate 20, 65, 59 and 22. This is complemented by the southern bypass expressway Interstate 459, connecting with the Interstate Highways at various points: I-65 to the south, I-59 to the northeast, I-20 to the east, and I-20/59 to the southwest.

Birmingham Demographics

Population

  • Total Population212,265
  • Male Population(47.3 %) 100,454
  • Female Population(52.7 %) 111,811
  • Median Age35.70

Income/Financial

  • Average Household Income$48,614
  • Median Household Income$33,770
  • Median Income Under 25$18,757
  • Median Income 25-44$35,515
  • Median Income 45-64$37,016
  • Median Income Over 65$31,392

Residential Rents in Birmingham, AL

When choosing the best place for a business, location research is very important – not only for the office, but also for the employees’ convenience.

In 2015, Birmingham was Forbes’ top city on the list of America’s Most Affordable Cities. It was also ranked by Bloomberg Business as one of the Six Cities Where Millennials Can Afford to Pay Rent.

Renters pay an average of $850 per month and make up 50% of the population. This is largely due to the three large universities in the area, which draw students from across the nation.

News

Amazon’s search for a new home has stirred up city officials and developers across the country, and 238 applicants across North America have expressed interest in housing the company’s next headquarters. Of course, the retail giant has a few requirements: the chosen metropolitan area should idea...

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