Birmingham Industrial Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Colliers
Quarterly industrial market indicators for Birmingham, aggregated by PropZone from Cushman & Wakefield, Colliers. As of Q1 2026, average asking rent was $7.62/SF with a 8.3% vacancy rate.
Projected current industrial pricing — Birmingham
indicative confidenceModeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Birmingham industrial yet, so this applies the typical cap rate across comparable industrial markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 asking-rent data (benchmark cap rate 5.5%–7.3%, asking rent held flat). Assumes ~92% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $7.62/SF | 8.3% | -486K SF | — | Cushman & Wakefield |
| Q2 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q1 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q4 2023 | $10.13/SF | — | 36.8M SF | — | Cushman & Wakefield |
| Q4 2023 | — | 6.1% | 0K SF | — | Colliers |
| Q4 2021 | $12.37/SF | — | 1.6M SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for industrial space in Birmingham?
- As of Q1 2026, the average asking rent for industrial space in Birmingham was $7.62/SF, per Cushman & Wakefield.
- What is the industrial vacancy rate in Birmingham?
- The industrial vacancy rate in Birmingham was 8.3% as of Q1 2026 (Cushman & Wakefield).
- Where does PropZone's Birmingham market data come from?
- This report aggregates quarterly industrial market data for Birmingham from Cushman & Wakefield, Colliers.