Birmingham, AL Market Trends

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Multifamily Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$31,885.84 +2.7% +10.7%
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Metro
$29,348.46 +4.7% +23.6%
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County
$31,646.71 +2.4% +29.4%
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City
$31,045.89 0.0% +37.2%

Current Birmingham market trends data indicates of no change in the median asking price per unit for Multifamily properties compared to the prior 3 months, with an increase of +37.2% compared to last year's prices. County-wide, asking prices for Multifamily properties are 2.4% higher at $31,647 per unit compared to the current median price of $31,046 per unit for Multifamily properties in Birmingham, AL.

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Office Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$82.73 -1.1% +0.7%
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Metro
$97.60 -2.3% -0.9%
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County
$85.63 -1.9% -1.5%

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Industrial Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$37.20 +2.0% +6.5%
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Metro
$41.54 +2.1% +10.9%
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County
$38.90 -0.1% +9.1%
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City
$39.76 -0.6% +14.2%

Current Birmingham market trends data indicates a decrease of -0.6% in the median asking price per sq ft for Industrial properties compared to the prior 3 months, with an increase of +14.2% compared to last year's prices. County-wide, asking prices for Industrial properties are -0.1% lower at $39 per sq ft compared to the current median price of $40 per sq ft for Industrial properties in Birmingham, AL.

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Retail Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
State
$106.10 +2.7% +7.9%
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City
$116.93 +13.1% -15.5%

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Office Property Asking Rent - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$14.77 -0.8% +2.7%
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Metro
$16.93 -0.2% +7.8%
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County
$16.79 -0.3% +8.5%
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City
$17.29 +0.2% +8.4%

The average asking rental rate per sq ft/year for Office properties in Birmingham, AL as of Jun 16 was $17.29. This represents an increase of 0.2% compared to the prior 3 months, with an increase of +8.4% year-over-year. County-wide, average rental rates in Birmingham are -0.3% lower at $16.79 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$5.59 +1.7% +6.0%
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Metro
$6.47 +2.5% +9.6%
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County
$6.58 +2.3% +9.3%
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City
$6.39 +1.7% +9.3%

The average asking rental rate per sq ft/year for Industrial properties in Birmingham, AL as of Jun 16 was $6.39. This represents an increase of 1.7% compared to the prior 3 months, with an increase of +9.3% year-over-year. County-wide, average rental rates in Birmingham are +2.3% higher at $6.58 per sq ft/year for Industrial properties currently for lease.

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Retail Property Asking Rent - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$11.78 +0.1% +1.4%
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Metro
$12.58 -0.5% +0.6%
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City
$12.96 -1.1% +0.2%