Birmingham Office Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Colliers
Quarterly office market indicators for Birmingham, aggregated by PropZone from Cushman & Wakefield, Colliers. As of Q1 2026, average asking rent was $16.00/SF with a 15.8% vacancy rate.
Projected current office pricing — Birmingham
indicative confidenceModeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Birmingham office yet, so this applies the typical cap rate across comparable office 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 6.6%–8.6%, asking rent trend-adjusted to today). Assumes ~84% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $16.00/SF | 15.8% | 0K SF | — | Cushman & Wakefield |
| Q4 2023 | $22.00/SF | 15.7% | 2K SF | — | Cushman & Wakefield |
| Q4 2021 | $90.00/SF | — | 4.4M SF | — | Colliers |
| Q4 2019 | — | 4.1% | 0K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for office space in Birmingham?
- As of Q1 2026, the average asking rent for office space in Birmingham was $16.00/SF, per Cushman & Wakefield.
- What is the office vacancy rate in Birmingham?
- The office vacancy rate in Birmingham was 15.8% as of Q1 2026 (Cushman & Wakefield).
- Where does PropZone's Birmingham market data come from?
- This report aggregates quarterly office market data for Birmingham from Cushman & Wakefield, Colliers.