Category Archives: Office Market

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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Featured Property: New South Federal Building

This week’s featured property, the New South Federal Building, is the perfect opportunity for anyone looking for office space located in the heart of downtown. Situated at the corner of Third Avenue North and Richard Arrington Jr. Boulevard, this 66,519 … Continue reading

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Office Market with Blake Crowe, CCIM

I began last year’s office report by posing the question, “Are we finally seeing the end of the tunnel?” I believe we’re closer to the end of the tunnel at this point in time, but we’re not through it yet. … Continue reading

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CCIM/NAIOP Central Alabama Market Symposium Recap

Last Friday, Southpace brokers attended the 21st Annual CCIM/NAIOP Central Alabama Commercial Market Symposium. Although the majority of downtown Birmingham lost power that morning, the speakers didn’t let the darkness deter them and the conference continued successfully. See below for a … Continue reading

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Exclusive Use Rights for Office Real Estate?

By Blake Crowe, CCIM For those in commercial real estate, specifically retail real estate, you’re familiar with Exclusive Use Rights – a tenant can (and generally should) require a landlord to prohibit leasing space to another tenant selling the same product, … 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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Office Site Selection: The most critical question to ask

By Southpace Broker Blake Crowe, CCIM I recently read an article in the Birmingham Business Journal that discussed ten things a tenant should ask before choosing office space. While all ten were fair questions that would prove informative and beneficial … Continue reading

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Birmingham’s Office Market in 2012

By Blake Crowe, CCIM As Birmingham’s office market goes, status quo is status quo. The vacancy rates have not changed significantly over the past few years. The 3rd quarter vacancy rate in 2011 was approximately 17.55%. As of the end … Continue reading

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Midtown Birmingham is city’s strongest office market in Q3

By Blake Crowe, CCIM Our brokers have taken a look at the 3rd quarter of 2012 for our industrial and retail divisions. Now, let’s shift to our office division. We track approximately 18 million square feet of office space in … 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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