Category Archives: Market Reviews

2015 Birmingham Retail Market Review with David Ashford, CCIM

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. … Continue reading

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2015 Birmingham Industrial Market Review with Rich Vanchina, CCIM, SIOR

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 … Continue reading

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2015 Birmingham Office Market Review with Blake Crowe, CCIM

Over the past two or three years, I have begun the office portion of the Southpace newsletter by saying something along the lines of, “Are we finally seeing the end of the tunnel?” Unfortunately for the Birmingham office market, 2015 … Continue reading

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2013 Industrial Market Review with Rich Vanchina, CCIM, SIOR

After experiencing a relatively flat 2012, occupancy rates of industrial real estate increased slightly in Birmingham during the first three quarters of 2013. The overall occupancy rate of the 14.5 million SF of multi-tenant industrial space increased to approximately 84%. … Continue reading

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2013 Retail Market Review with David Ashford, CCIM

“Are we there yet?” As a father of four boys I hear this a lot. And as I reflect on the Birmingham retail market in 2013, I have to ask myself the same question. Things seem better; rents seem to … Continue reading

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2013 Office Market Review with Blake Crowe, CCIM

Are we finally seeing light at the end of the tunnel? Birmingham’s office market appears to be reaching acceptable vacancy levels. The 3rd quarter vacancy rate in 2011 was 17.5%. In 2012, the vacancy rate in the same period was … Continue reading

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Positive Absorption and Lower Vacancy for Retail in Birmingham

By David Ashford, CCIM, Director of Southpace Retail Division The overall retail market saw a 204,000-square-foot positive absorption in the second quarter of 2012. The vacancy rate is 11.1%, which is down from 11.8% in the first quarter. This can … Continue reading

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Most Birmingham Office Markets Hold Strong

By Blake Crowe, CCIM, Director of Southpace Office Division In the second quarter of 2012, the Birmingham office market saw only one significant swing in vacancy rates of our six submarkets. The Oxmoor market had a 10% decline in it’s … Continue reading

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Slight Improvement in the Second Quarter 2012 Industrial Market

By Rich Vanchina, CCIM, SIOR While none of the deals that have happened this year are exciting by themselves, it’s a pretty fair amount of market activity when combined. Deals are getting done to take available space off the market. … Continue reading

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