Birmingham Q3 2025 Market Report
Research Multifamily Market Reports Birmingham Q3 2025 MARKET SNAPSHOT Birmingham q3 2025 DOWNLOAD THE FULL REPORT AVERAGE RENT $1,247 Q3 2025 OCCUPANCY RATE 88.4% Q3 2025 NET ABSORPTION 1,043 YTD Q3 2025 ANNUAL RENT CHANGE -0.5% Q3 2025 ANNUAL OCCUPANCY CHANGE -30 BPS Q3 2025 UNIT COMPLETIONS 1,285 YTD Q3 2025 KEY TAKEAWAYS Demand has […]
Birmingham Q2 2025 Market Report
Research Multifamily Market Reports Birmingham Q2 2025 MARKET SNAPSHOT Birmingham q2 2025 DOWNLOAD THE FULL REPORT AVERAGE RENT $1,251 Q2 2025 OCCUPANCY RATE 88.5% Q2 2025 NET ABSORPTION 175 H1 2025 ANNUAL RENT CHANGE 0.4% Q2 2025 ANNUAL OCCUPANCY CHANGE -60 BPS Q2 2025 COMPLETIONS 853 H1 2025 KEY TAKEAWAYS Renter demand remained muted in […]
Birmingham Q1 2025 Market Report
Research Multifamily Market Reports Birmingham Q1 2025 MARKET SNAPSHOT Birmingham q1 2025 DOWNLOAD THE FULL REPORT 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 […]
2025 Birmingham Forecast
Research Multifamily Market Reports 2025 Birmingham Forecast MARKET SNAPSHOT 2025 Birmingham Forecast 2024 FORECASTED ANNUAL CHANGE 2025 $1,217 Q4 AVG. EFFECTIVE RENT 2.1% FORECASTED ANNUAL CHANGE $1,243 Q4 Avg. Effective Rent 89.5% Q4 AVG. OCCUPANCY 0 BPS FORECASTED ANNUAL CHANGE 89.5% Q4 Avg. Occupancy 978 2024 COMPLETIONS 777 10 Yr. Avg. Annual Completions 660 2025 […]
Birmingham 3Q 2024 Market Report
Research Multifamily Market Reports Birmingham 3Q 2024 MARKET SNAPSHOT Birmingham 3Q 2024 AVERAGE RENT $1,224 3Q 2024 OCCUPANCY RATE 89.9% 3Q 2024 QUARTERLY NET DEMAND 298 [YTD: 870] YoY RENT CHANGE 0.3% 3Q 2024 YoY OCCUPANCY CHANGE 0 BASIS POINTS QUARTERLY COMPLETIONS 277 [YTD: 977] KEY TAKEAWAYS Rental demand is rising but still lags behind […]
Birmingham 3Q 2024
An interactive look into the Multifamily Construction Pipeline in Q3 for Birmingham, Alabama
Birmingham 2Q 2024 Report
Birmingham 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,209 2Q 2024 2Q 2024 RENT CHANGE 0.2% OCCUPANCY RATE 90.3% 2Q 2024 ANNUAL OCCUPANCY CHANGE -10 BASIS POINTS QUARTERLY DEMAND 312 [YTD: 518] QUARTERLY COMPLETIONS 580 [YTD: 700] KEY TAKEAWAYS Multifamily demand in Birmingham has been strengthening over the past two quarters, with net absorption […]
Birmingham 2Q24
An interactive look into the Multifamily Construction Pipeline in Q2 for Birmingham, AL
Birmingham Q1 2024 Report
Birmingham 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,185 1Q 2024 1Q 2024 RENT CHANGE -0.7% OCCUPANCY RATE 90.0% 1Q 2024 ANNUAL OCCUPANCY CHANGE -20 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 8.6% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 0.1% (FEB 2024) * Please note that these employment figures have been adjusted for […]