Commercial Real Estate Market in Birmingham, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
494 active listings and 38,716 off-market properties in Birmingham, AL. Commercial property asks $148/SF to buy and $18.50/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 October 2026.
Office
Office space in Birmingham, AL asks $19.38/SF/Yr to lease; the median asking sale price is $250/SF. Vacancy runs 19.8% in 2025, up from 16.6% in 2019.
Retail
Retail space in Birmingham, AL has a median asking sale price of $113/SF. Vacancy runs 6.1% in 2025, down from 8.1% in 2019. Nearly 1.2x the 2023 low of 5%.
Industrial
Industrial space in Birmingham, AL has a median asking sale price of $120/SF. Vacancy runs 5.6% in 2025, down from 6.5% in 2019. Down from a 2023 peak of 13.5%.
Multifamily
Multifamily space in Birmingham, AL has a median asking sale price of $157/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Homewood | — | $21.50 |
| Irondale | — | $13.25 |
| Hoover | $182 | $19.50 |
Commercial property in Birmingham, AL asks $148/SF. That compares with $182/SF in Hoover.
Frequently Asked Questions
What is the median price per square foot for commercial property in Birmingham?
How much does it cost to lease commercial space in Birmingham?
What is the office vacancy rate in Birmingham?
Which property type has the lowest vacancy in Birmingham?
How does Birmingham compare to nearby markets on price?
Where does Realmo's Birmingham market data come from?
Methodology & data sources
- Asking prices and medians
- There are 239 active for-sale and 255 active for-lease listings in Birmingham, AL. The medians are based on 56 of the for-sale and 102 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
