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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: 11-Nov-2010		 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) $ 16.50 $ 26.00 $ 21.10 9.3% N/A
Class B (Secondary) $ 13.50 $ 19.50 $ 16.65 18.5% N/A
 
Suburban Office
New Construction (AAA) $ 21.50 $ 32.00 $ 26.00 25.0% N/A
Class A (Prime) $ 18.00 $ 26.00 $ 22.50 8.0% N/A
Class B (Secondary) $ 13.00 $ 16.50 $ 17.60 10.0% N/A
 
Industrial
Bulk Warehouse $ 3.00 $ 4.00 $ 3.50 11.5% N/A
Manufacturing $ 3.00 $ 6.50 $ 4.50 15.0% N/A
High Tech / R&D $ 9.00 $ 12.50 $ 10.20 8.0% N/A
 
Retail
Downtown $ 12.30 $ 25.00 $ 14.50 11.0% N/A
Neigborhood Service Centers $ 6.50 $ 17.35 $ 12.80 13.5% N/A
Community Power Center $ 8.50 $ 19.00 $ 17.00 10.5% N/A
Regional Malls $ 18.00 $ 40.00 $ 29.00 13.5% 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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