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Birmingham, Alabama

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Chase Commercial RE Services, Inc.
Last Updated: 7-Nov-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) N/A N/A N/A N/A N/A
Class A (Prime) $ 17.50 $ 23.50 $ 21.07 9.1% N/A
Class B (Secondary) $ 13.00 $ 17.50 $ 16.48 13.0% N/A
 
Suburban Office
New Construction (AAA) $ 23.00 $ 28.00 $ 27.00 N/A N/A
Class A (Prime) $ 18.00 $ 23.00 $ 21.26 8.0% N/A
Class B (Secondary) $ 13.50 $ 18.00 $ 15.75 12.5% N/A
 
Industrial
Bulk Warehouse $ 2.80 $ 4.54 $ 3.58 19.0% N/A
Manufacturing $ 2.00 $ 4.00 $ 3.20 16.0% N/A
High Tech / R&D $ 9.00 $ 12.00 $ 9.25 12.0% N/A
 
Retail
Downtown $ 9.00 $ 15.00 $ 13.79 9.3% N/A
Neigborhood Service Centers $ 8.00 $ 19.00 $ 11.50 12.0% N/A
Community Power Center $ 9.00 $ 17.00 $ 11.00 12.0% N/A
Regional Malls $ 18.00 $ 35.00 $ 19.00 13.0% N/A

Development Land Low () High ()
Office in CBD $ 305,000 $ 850,000
Land in Office Parks $ 195,000 $ 310,000
Land in Industrial Parks $ 50,000 $ 125,000
Office/Industrial Land - Non-park $ 40,000 $ 240,000
Retail/Commercial Land $ 320,000 $ 850,000
Residential N/A N/A

 

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