MARKET SNAPSHOT

Birmingham q1 2025

AVERAGE RENT

$1,244 Q1 2025

OCCUPANCY RATE

89.1% Q1 2025

QUARTERLY NET ABSORPTION

73 Q1 2025

ANNUAL RENT CHANGE

1.8% Q1 2025

ANNUAL OCCUPANCY CHANGE

-10 BPS Q1 2025

QUARTERLY COMPLETIONS

0 Q1 2025

KEY TAKEAWAYS
Apartment demand has been evenly distributed across the Birmingham metro, helping to maintain a stable occupancy rate over the 12 months ending Q1 2025.
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Annual rent growth in Birmingham reached 1.8% in Q1 2025—approximately 80 basis points higher than the national average for the same period.
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Investment activity surged in 2024, with total transaction volume (for deals $2.5 million and above) rising 45% year-over-year to $136 million across eight deals.
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Alex Blagojevich

Alex Blagojevich

Executive Managing Director / Co-Founder
Michael-Sullivan

Michael Sullivan

Executive Managing Director / Co-Founder
Brett

Brett Meinzer

Managing Director
New-Hire

Simon Turner

Senior Director
Thomas-Skevington-web

Thomas Skevington

Senior Advisor
Jake Sullivan_2023

Jake Sullivan

Senior Advisor

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