Highlights
- The average rent for office space in Birmingham is $21.97 per square foot, 0.59% higher compared to the previous year.
- The average sale price for office space in Birmingham is $173.53 per square foot, marking an increase of 121.97% compared to 2024.
- The market’s vacancy rate stands at 12.70%, higher than the state average of Alabama, which is 11.24%.
- Renting Class A/A+ office space here costs $22.55 per square foot, while Class B averages $22.06 and Class C stands at $17.38.
2025 Office Space Rent & Sales
- $21.97 2025 Avg. Asking Rent
- 0.59% Y-o-Y Avg. Asking Rent Change
- 12.70% 2025 Office Vacancy Rate
- $408.7M2025 Total Office Sales
- $173.53Avg. Sale Price/SF
What is the average asking rent price for office space in Birmingham?
Average asking rents for office space here stand at $21.97 per square foot. The local office market recorded an average vacancy rate of 12.70% in 2025, unchanged from 12.70% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $408.7M across 19 sales. These transactions commanded an average sale price per square foot of $173.53.
Birmingham, AL Office Asking Rents by Class
What is the average office rent per square foot by property class in Birmingham?
- Avg. Asking Rent Class A & A+$22.55
- Avg. Asking Rent Class B$22.06
- Avg. Asking Rent Class C$17.38
The average asking rent for Class A and A+ office space stood at $22.55 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Birmingham averaged $22.06 per square foot, while the average for Class C space was $17.38 per square foot.
What is the average office rent per square foot by property class in AL?
- Avg. Asking Rent Class A & A+$22.58
- Avg. Asking Rent Class B$21.59
- Avg. Asking Rent Class C$17.58
For comparison, the average rent for Class A and A+ office space in Alabama was $22.58 per square foot. The state-wide average for Class B space was $21.59 per square foot, and Class C office spaces averaged $17.58 per square foot.
Birmingham, AL Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Birmingham - University | $32.00 | 14.62% |
| Mountain Brook | $28.92 | 5.89% |
| Homewood - East | $26.80 | 5.63% |
| Birmingham - Southside | $22.19 | 11.44% |
| Highway 280 Corridor | $21.34 | 18.16% |
| Birmingham - Downtown | $20.91 | 6.22% |
| Hoover | $20.81 | 15.16% |
| Vestavia Hills | $19.84 | 15.00% |
| Homewood - West | $18.69 | 33.50% |
| Jefferson County - East | $16.50 | 14.33% |
2025 Office Sales Volume
- $173.532025 Avg. Price per SF
- $408.7M2025 Office Sales Volume
- 192025 Number of Transactions
What is the average sale price per square foot for office space in Birmingham?
Average sale prices for office space in this market recorded a +121.97% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $173.53 per square foot. For comparison, the statewide Alabama average during the same time period stood at $168.61 per square foot, while the national average was $182.48 per square foot.
Birmingham, AL Sale Price per SF Trend
- Birmingham Avg. Sale Price per SF in 2025$173.53
- Alabama Avg. Sale Price per SF in 2025$168.61
What was the total office sales volume in Birmingham in 2025?
The local office market recorded 19 deals in 2025, adding up to a yearly sales volume of $408.7M.
- Birmingham, AL Total Office Sales Volume in 2025 $408.7M
- Birmingham, AL Total Number of Office Sales Closed in 2025 19
What were the largest office building sales in Birmingham in 2025?
The market’s largest transaction last year was the sale of Colonnade Office Tower for $140,000,000 on 9/2/2025. The next-highest sale was the transaction involving 201 Milan Pkwy, which traded for $83,500,000. The third-largest transaction was the sale of Brookwood Baptist Medical Center - Women's Medical Offices for $52,450,000.
| Property name | Address | Date | Price |
|---|---|---|---|
| Colonnade Office Tower | 3535 Colonnade Pkwy | 9/2/2025 | $140,000,000 |
| 201 Milan Pkwy | 201 Milan Pkwy | 10/1/2025 | $83,500,000 |
| Brookwood Baptist Medical Center - Women's Medical Offices | 2006 Brookwood Medical Center Drive | 11/21/2025 | $52,450,000 |
| Riverchase Business Park | 245 Riverchase Pkwy East | 4/22/2025 | $27,400,000 |
| 201 Milan Pkwy | 201 Milan Pkwy | 10/1/2025 | $27,000,000 |
2025 Office Construction in Birmingham, AL
- Birmingham, AL Total SF completed in 2025 30,000
How much office space was built in Birmingham in 2025?
What are the largest recent office completions in Birmingham?
The largest recent office completion here is 3686 Grandview Pkwy at 207,588 square feet, completed in 2015. The next largest completions are The Stockyard and International Park Place.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 300 Ruffner Rd | 300 Ruffner Rd, 35210 | 4,000 | 2026 |
| International Park Place | 2421 International Park Place, 35243 | 20,000 | 2025 |
| International Park Place | 2421 International Park Place, 35243 | 20,000 | 2025 |
| 7 Huddle Drive | 7 Huddle Drive, 35242 | 7,200 | 2018 |
| 7 Huddle Drive | 7 Huddle Drive, 35242 | 7,200 | 2018 |
| 3686 Grandview Pkwy | 3686 Grandview Pkwy, 35243 | 207,588 | 2015 |
| The Stockyard | 1616 2nd Avenue South, 35233 | 21,077 | 2015 |
| Suburban Office Building | 4505 Pine Tree Circle, 35243 | 11,071 | 2008 |
| 2900 Building | 2900 1st Ave S, 35233 | 18,524 | 2007 |
| Pullman Flats Office Condo | 2226 1st Ave S, 35233 | 4,200 | 2007 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.