Sharing the knowledge.
Our market report is an informative guide to the metropolitan area's commercial real estate, as well as an excellent summary of Birmingham's overall growth and vitality. We have provided substantive information to help aid your critical real estate related decisions. Take a few minutes to review the information offered in our annual market report. You'll see how our insight, experience, and attention to detail provides the foundation for successful transactions, as well as long-term relationships with our clients and customers.
Annual Reports
2008
Annual Market Report
(6.1 MB PDF)
2007
Annual Market Report
(7.9 MB PDF)
Quarterly Reports - Industrial
2008
1Q Birmingham Industrial Snapshot
(69 KB PDF)
2007
4Q Birmingham Industrial Snapshot
(73 KB PDF)
2007
3Q Birmingham Industrial Snapshot
(157 KB PDF)
2007
2Q Birmingham Industrial Snapshot
(157 KB PDF)
Quarterly Reports - Office
2008
1Q Birmingham Office Snapshot
(73 KB PDF)
2007
4Q Birmingham Office Snapshot
(73 KB PDF)
2007
3Q Birmingham Office Snapshot
(77 KB PDF)
2007
2Q Birmingham Office Snapshot
(143 KB PDF)
The links above require the free Adobe Acrobat Reader.
Cushman & Wakefield's Knowledge Center
For the latest intelligence on real estate trends, fundamentals, economic reports and local
market statistics, click here to visit the Cushman & Wakefield Knowlege Center.
www.cushmanwakefield.com/knowledge
1st Quarter Market Facts
- The completion of Parkwest Corporate Center III added 127,500 sf of office/warehouse space to the Southwestern industrial submarket during the first quarter of 2008.
- In the first quarter of 2008, the Birmingham industrial market experienced an overall absorption of 79,576 square feet (sf) and an overall occupancy of 86.0%. The majority of the markets positive absorption was in bulk distribution space, with 72,336 sf absorbed in the first quarter.
- The Midtown office submarket continues to show strength with an overall occupancy rate of 95.9%–the highest in the Birmingham market – along with 97.9% occupancy of class A space.
- In the 280/Southern office submarket, HealthSouth Corporation finalized the sale of its corporate campus to Daniel Corporation, a locally based developer. The transaction included the 200,000-sf HealthSouth corporate headquarters building, the Cahaba Grand Conference Center, and a 66,000-sf office building all located on a 103-acre site fronting US Highway 280.