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271 Commercial Real Estate Listings in Birmingham, AL

  • 790 Building - Birmingham
    790 Montclair Road, Crestwood South, Birmingham, AL 35213
    For Lease $18.5/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 7,441 Sqft
  • Brookwood Metroplex - Birmingham
    1 Metroplex Drive, Hermitage - Woodland Village, Birmingham, AL 35209
    For Lease $22/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 920 Sqft
  • Pepper Place - Dr. Pepper Building - Birmingham
    2829 2nd Avenue South, Southside Birmingham, Birmingham, AL 35233
    For Lease $15 - $23/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 3,636 Sqft
  • Homewood Plaza - Birmingham
    3125 Independence Drive, Hollywood, Birmingham, AL 35209
    For Lease $26.5/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 11,009 Sqft
  • Concord Center - Birmingham
    2100 3rd Avenue North, Downtown Birmingham, Birmingham, AL 35203
    For Lease $23.5/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 17,215 Sqft
  • Synovus Center - Birmingham
    800 Shades Creek Pkwy, Old Mountain Brook, Birmingham, AL 35209
    For Lease $26.75/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 554 Sqft
  • Colonnade - 3500 Colonnade Pkwy - Birmingham
    3500 Colonnade Pkwy, Cahaba Commons, Birmingham, AL 35243
    For Lease $23.5/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 23,503 Sqft
  • 55 & 65 Bagby Drive - Homewood
    65 Bagby Drive, West Homewood, Homewood, AL 35209
    For Lease $13.5/Sqft/Year
    Property
    • Office
    Availability
    • 7 Spaces
    • 142,058 Sqft
  • Magnolia Office Park - Plaza Building - Birmingham
    2112 11th Avenue South, Five Points South, Birmingham, AL 35205
    For Lease $18.5/Sqft/Year
    Property
    • Office
    Availability
    • 8 Spaces
    • 31,538 Sqft
  • 600 University Park Place - Birmingham
    600 University Park Place, Lakewood - Woodridge Estates, Birmingham, AL 35209
    For Lease $26/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 3,185 Sqft
  • Office Park - 7-10 Office Park Circle - Mountain Brook
    10 Office Park Circle, Old Mountain Brook, Mountain Brook, AL 35223
    For Lease $18/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 4,316 Sqft
  • International Park and Blue Lake Center - 1800 International Park Drive - Birmingham
    1800 International Park Drive, Heatherwood, Birmingham, AL 35243
    For Lease $23.5/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 12,992 Sqft
  • Forum Building - Birmingham
    950 22nd Street North, Druid Hills, Birmingham, AL 35203
    For Lease $17.15/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 23,304 Sqft
  • 500 Office Park Drive - Birmingham
    500 Office Park Drive, Old Mountain Brook, Birmingham, AL 35223
    For Lease $19.5/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 10,920 Sqft
  • Land Title Building - Birmingham
    600 20th Street North, Downtown Birmingham, Birmingham, AL 35203
    For Lease $17/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 6,487 Sqft
  • One Highland Place - Birmingham
    2151 Highland Avenue South, Five Points South, Birmingham, AL 35205
    For Lease $20 - $22/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 10,151 Sqft
  • The Forbes Building - Birmingham
    1914 4th Avenue North, Downtown Birmingham, Birmingham, AL 35203
    For Lease $26.5/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 18,480 Sqft
  • Ash Place - Birmingham
    2100 16th Avenue South, Five Points South, Birmingham, AL 35205
    For Lease $17 - $20.5/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 15,268 Sqft
  • The Plaza - Birmingham
    417 20th Street North, Downtown Birmingham, Birmingham, AL 35203
    For Lease $19/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 33,033 Sqft
  • Riverchase Center - 2100 Riverchase Center - Birmingham
    2100 Riverchase Center, Gables - Sterling Oaks, Birmingham, AL 35244
    For Lease $14.5/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 12,756 Sqft
  • Financial Center - Birmingham
    505 20th Street North, Downtown Birmingham, Birmingham, AL 35203
    For Lease $20/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 36,596 Sqft
  • Bradford Building & Parkwoods Building - Mountain Brook
    400 Office Park Drive, Old Mountain Brook, Mountain Brook, AL 35223
    For Lease $20/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 1,800 Sqft
  • Barber Business Park - Homewood
    216 Aquarius Drive, West Homewood, Homewood, AL 35209
    For Lease $11.5/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 21,724 Sqft
  • 110 Office Park Drive - Birmingham
    110 Office Park Drive, Old Mountain Brook, Birmingham, AL 35223
    For Lease $22.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 14,437 Sqft
  • Landmark Center - Birmingham
    2100 1st Avenue North, Downtown Birmingham, Birmingham, AL 35203
    For Lease $16.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 1,753 Sqft

Birmingham, AL Commercial Real Estate

There are currently 271 commercial listings available in Birmingham, AL. These listings include 406 commercial spaces that encompass a total of 3,047,455 square feet. Available commercial spaces in Birmingham, AL range in size from 100 square feet to 120,000 square feet. A total of 164 off-market commercial properties located in Birmingham, AL are also available for research.

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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: 28,782,476 SF

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

By square footage range:

  • 50k to 100k SF: 5,641,057 SF / 19.6% of total office
  • 100k to 500k SF: 18,228,749 SF / 63.33% of total office
  • 500k to 1M SF: 3,528,166 SF / 12.26% of total office
  • > 1M SF: 1,384,504 SF / 4.81% of total office

By class:

  • Class A: 16,155,826 SF / 56.13% of total office
  • Class B: 9,997,205 SF / 34.73% of total office
  • Class C: 2,429,445 SF / 8.44% 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 Population212,021
  • Male Population(46.9 %) 99,370
  • Female Population(53.1 %) 112,651
  • Median Age35.80

Income/Financial

  • Average Household Income$51,555
  • Median Household Income$35,346
  • Median Income Under 25$20,203
  • Median Income 25-44$37,888
  • Median Income 45-64$39,206
  • Median Income Over 65$32,107

News

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