$0
Average Rent
$1,229 average rent in Birmingham, Q2 2026
0%
Occupancy Rate
89% occupancy rate Birmingham, Q2 2026
0
T4Q Net Absorption
1,863 T4Q net absorption in Birmingham, Q2 2026
0%
Annual Rent Change
0% annual rent change in Birmingham, Q2 2026
0
BPS Annual Occupancy Change
60 BPS annual occupancy change in Birmingham, Q2 2026
0
T4Q Unit Completions
1,672 T4Q net absorption in Birmingham, Q2 2026
Key Takeaways
- Demand continues to outpace supply, with trailing 12-month absorption of 1,863 units exceeding 1,671 units delivered, supporting the market’s transition from supply-driven softness toward stabilization.
- The construction pipeline has contracted sharply, with trailing 12-month starts at 0 units, down from 1,018 one year ago, and just 289 units remaining under construction (0.4% of inventory), signaling a favorable supply environment ahead.
- Rents have stabilized at $1,229 per unit (0.3% YoY), building on steady quarterly growth, while occupancy of 88.9% remains below historical norms but is trending higher with 60 bps of annual improvement.
Market Outlook
Birmingham enters the second half of 2026 well past the peak of its supply cycle, with construction starts and the active pipeline both near historic lows…
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