Commercial Real Estate Market in Birmingham, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1,183 active listings and 38,717 off-market properties in Birmingham, AL. Commercial property asks $5/SF to buy and $17.74/SF/Yr to lease. Office vacancy runs 19.8%, the loosest of the segments tracked here.
Market Trends
Birmingham, AL spans 347.9 square miles in Jefferson County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Birmingham, AL runs 19.8% in 2025, up from 16.6% in 2019.
Vacancy Rate %
Retail
Retail vacancy in Birmingham, AL runs 6.1% in 2025, down from 8.1% in 2019. Nearly 1.2x the 2023 low of 5%.
Vacancy Rate %
Industrial
Industrial vacancy in Birmingham, AL runs 5.6% in 2025, down from 6.5% in 2019. Down from a 2023 peak of 13.5%.
Vacancy Rate %
Multifamily
Multifamily vacancy in Birmingham, AL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 28.8%
- Industrial 23.6%
- Residential 16.8%
- Mixed use 10.9%
- Agricultural 7.1%
- Commercial 2.6%
Largest Zones share of zoned land by district
Single Family
Single Family
Planned Mixed Use
Holding Zone District
Single Family
Single Family (D3)
B. Chicken Coop. In D-1, D-2 and D-3 districts a chicken coop shall be permitted as an accessory use to a dwelling provided that the following conditions are met: 1. It is accessory to an occupied single-family detached residential structure. 2. Hens are not kept in residential structure and must be kept in coop/run at all times. 3. Roosters are prohibited.…
Market overview
Demographics & Economy
Birmingham, AL has 508,460 residents in 239,343 households. Density runs 1,461 people per square mile. Median household income here is $77,446 and median gross rent $1,214 a month.
508,460
Population
239,343
Households
2.1
Avg Household Size
38
Median Age
45%
College-Educated
92%
High-School Grad
347.9 sq mi
ZIP Area
1,461
Density / Sq Mi
$77,446
Median Household Income
$46,340
Median Earnings
$1,214
Median Rent
$303,159
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Homewood | — | — |
| Mountain Brook | — | — |
| Tarrant | — | — |
| Irondale | — | $12.15 |
Commercial property in Birmingham, AL asks $5/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Birmingham?
Commercial property in Birmingham, AL asks an average of $5 per square foot. The 6 most recent recorded sales traded at a median of $102/SF.
How much does it cost to lease commercial space in Birmingham?
Asking lease rates in Birmingham, AL average $17.74 per square foot per year.
What is the office vacancy rate in Birmingham?
Office vacancy in Birmingham, AL is 19.8% as of 2025, up from 16.6% in 2019. Retail vacancy is 6.1%, below Office vacancy.
Which property type has the lowest vacancy in Birmingham?
Industrial has the lowest vacancy in Birmingham, AL at 5.6%, inside a 4.7–13.5% band since 2019. For comparison: office 19.8%, retail 6.1% and multifamily 11.3% (South).
Where does Realmo's Birmingham market data come from?
Realmo compiles Birmingham, AL figures from 8 recent recorded sales, 927 active sale listings, 256 active lease listings, 38,717 tracked off-market properties, the current Birmingham zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 927 active for-sale and 256 active for-lease listings in Birmingham, AL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 95,266 zoned acres across 74 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- multifamily vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
