Retail real estate in Birmingham continued to improve in 2015, with lowering vacancy rates and tenants looking for creative ways to expand their footprint in the market. A lack of available space has caused a serious demand for new developments. Although there was not much in the way of new development in 2015, we expect 2016 will bring more new construction. Continue reading “2015 Birmingham Retail Market Review with David Ashford, CCIM”
As Alabama’s economy continues to grow, Birmingham’s industrial real estate market is sustaining slow and steady occupancy growth. The automotive industry, as well as Alabama’s business friendly economic climate, continues to drive the industrial sector of the market.
The overall occupancy rate of the approximately 116 million square feet of tracked industrial space increased to approximately 90%. Similarly to the last two or three years, we experienced very few individually significant transactions, but actually had a good year due to the large number of small-to-medium-sized deals that occurred. Continue reading “2015 Birmingham Industrial Market Review with Rich Vanchina, CCIM, SIOR”
Unfortunately for the Birmingham office market, 2015 was not our year to break through with huge rebounds.
In fact, as of the end of the 3rd quarter of 2015, the market has posted a net absorption of -90,000 SF. In other words, we have lost approximately 90,000 SF in our multi-tenant inventory. Continue reading “2015 Birmingham Office Market Review with Blake Crowe, CCIM”
In our 2013 newsletter, I talked about leadership and how involved our brokers and I had become in leadership roles across the industry and also how the CCIM Institute had recognized John Lauriello’s contributions with an endowed scholarship. In 2014, I talked about the implementation of our training program for new brokers and what an impact it had not just on the new brokers but on the veterans who administered the program. Continue reading “Inside Southpace with Bryan Holt, CCIM”
Last year was our 31st year in business. As I say every year, “Where did the time go?”
We had an overall good year in 2015; had a few staff changes, added some folks, lost one of our wonderful brokers, Tyler Bradford, who was hired by Books-A-Million as Vice President of Real Estate—all things considered 2015 was fine. Continue reading “Straight Talk with John Lauriello”
Southpace was proud to have recently helped Verizon Wireless and Chipotle Mexican Grill find new, perfect locations in the Birmingham area. Continue reading “Now open: Verizon Wireless and Chipotle Mexican Grill”