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Office Space for Rent in Birmingham, AL - 158 Listings

Birmingham, AL Office Overview

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The Birmingham city proper includes the Arlington - West End, Five Points South, and Old Mountain Brook commercial real estate submarkets. With a metropolitan population of over 1.1 million people, Birmingham has transformed itself from a steel town into one of the most important business and financial centers in the Southeastern United States. A diverse mix of business and industry sectors are attracted to the region, creating consistent demand for white collar office employment and Class A office space in Birmingham.

As of mid-2017, the Greater Birmingham office market encompasses over 21 million square feet of existing office space in properties larger than 50,000 square feet. The Birmingham metro area is home to about 25% of the entire population of Alabama, creating a vigorous growth in the Birmingham commercial real estate market.

Birmingham, AL Office Inventory Description

While industry and manufacturing still play a role in the economy of Birmingham, over the past 50 years the city has successfully diversified its business base with the banking, telecommunications, healthcare, insurance, and financial employment sectors. With a gross metropolitan product of over $56 billion annually, the demand for white collar office space continues to grow. Nearly 63% of the office space in Birmingham is Class A or A+, with Class B office space in Birmingham adding another 32% to the total available inventory.

The Birmingham Central City office submarket is home to a mix of both modern and historical office properties. Located west of State Route 280 between I-20 and State Route 11, this area is home to office buildings such as The Plaza on 20th Street North, Wells Fargo Tower, and the renovated Brown Marx Building.

Birmingham, AL Commercial Inventory Breakdown

Office Spaces

Total: 25,817,372 SF

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

By square footage range:

  • 50k to 100k SF: 4,364,196 SF / 16.9% of total office
  • 100k to 500k SF: 16,540,506 SF / 64.07% of total office
  • 500k to 1M SF: 3,528,166 SF / 13.67% of total office
  • > 1M SF: 1,384,504 SF / 5.36% of total office

By class:

  • Class A: 15,772,268 SF / 61.09% of total office
  • Class B: 8,095,764 SF / 31.36% of total office
  • Class C: 1,949,340 SF / 7.55% of total office

Top 10 Largest Office Buildings

in Birmingham

Office building Address Sqft Year built
Alabama Power Headquarters 600 North 18th Street, 35203 1,384,504 1925
Protective Center - Building 1, 2 & 3 2801 Highway 280 South, 35223 620,000 1974
AT&T City Center 600 19th Street North, 35203 617,453 1971
Regions Harbert Plaza 1901 6th Avenue North, 35203 614,000 1989
Regions Center 1900 5th Avenue North, 35203 581,269 1971
Patriot Midtown Park 210 Wildwood Pkwy, 35209 580,551 1995
Wells Fargo Tower 420 20th Street North, 35203 514,893 1986
Liberty National Building 2001 3rd Avenue South, 35233 487,000 1930
Colonnade Office Tower South 3535 Colonnade Pkwy, 35243 465,979 1988
250 Riverchase Pkwy East 250 Riverchase Pkwy East, 35244 454,543 1995

Most Recently-Built Office Buildings

in Birmingham

Office building Address Sqft Year built
Encompass Health Headquarters 9001 Liberty Pkwy, 35242 199,350 2018
2200 Magnolia Avenue South 2200 Magnolia Avenue South, 35205 36,355 2018
ServisFirst Headquarters 2500 Woodcrest Place, 35209 97,600 2017
Booker T. Washington Building 1728 3rd Avenue North, 35203 57,101 2017
2415 7th Avenue South 2415 7th Avenue South, 35233 68,688 2015
Baptist Health Center Hoover 5295 Preserve Pkwy, 35244 50,000 2011
St. Vincent's Professional Office Building VI 805 St. Vincent, 35205 168,500 2008
Simon-Williamson Clinic 832 Princeton Avenue SW, 35211 107,000 2007
Brookwood Office Center 569 Brookwood Village, 35209 173,648 2006
2201 4th Avenue North 2201 4th Avenue North, 35203 120,493 2006

Birmingham, AL Green Office Space

Employment

In 2017, the National Green Building Adoption Index surveyed the top 30 office markets in the U.S. The report noted that since 2005, the national percentage of energy efficient, green office space has increased from less than 5% to about 38% today.

While Birmingham isn't in the 30 office markets that were surveyed for the index, there is some pretty impressive green office space here. A great example of a LEED-certified Birmingham office building is the Chase Corporate Center in the nearby Hoover, AL commercial real estate submarket. This Class A office building was built in 1985 and includes 211,000 square feet of space. Located in the Chase Lake neighborhood, Chase Corporate Center is the proud recipient of a LEED Silver certification.

Birmingham, AL’s Top Office-Using Sectors

While the manufacturing sector still helps to drive the demand for commercial real estate in Birmingham AL, the education, financial, and corporate head office sectors are also some of the top office-using sectors in Birmingham, Alabama.

  • Education – Highly trained white-collar office workers come to the Birmingham job market from institutions such as the University of Alabama, Samford University, Cumberland School of Law, and the Miles Law School.
  • Manufacturing – American Case Iron Pipe Company, CMC Steel, U.S. Steel, Nucor, and Vulcan Materials Company are some of the largest steel and materials mills in the country.
  • Finance – As a hub for business and finance in the Southeastern U.S., demand for white collar Class A office space in Birmingham comes from firms such as Regions Financial Corporation, BBVA Compass, and Wells Fargo Bank.
  • Corporate Offices – White collar office employment is driven by the diverse mix of corporate head offices in Birmingham, including Blue Cross and Blue Shield of Alabama, ProAssurance, Liberty National, O'Neal Industries, Drummond Co., and Brasfield & Corrie, LLC.

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

News

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