Birmingham Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, Colliers
Quarterly industrial market indicators for Birmingham, aggregated by CREhunt from Cushman & Wakefield, Colliers. As of Q2 2026, average asking rent was $7.57/SF/yr and vacancy was 8.7%, per Cushman & Wakefield.
Projected current industrial pricing — Birmingham
Modeled 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 Q2 2026 Cushman & Wakefield asking-rent data (benchmark cap rate 5.5%–7.5%, asking rent trend-adjusted to today). Assumes ~91% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $7.57/SF/yr | 8.7% | -80K SF | — | Cushman & Wakefield |
| Q1 2026 Cushman & Wakefield | $7.62/SF/yr | 8.3% | -486K SF | — | Cushman & Wakefield |
| Q2 2025 Cushman & Wakefield | $7.14/SF/yr | 8.3% | — | — | Cushman & Wakefield |
| Q1 2025 Cushman & Wakefield | $7.22/SF/yr | 8.8% | 68K SF | — | Cushman & Wakefield |
| Q4 2023 Colliers | — | 6.1% | 4 SF | — | Colliers |
| Q4 2021 Colliers | $12.37/SF/yr | — | 1.6M SF | — | Colliers |
| Q3 2017 Colliers | $3.86/SF/yr | 6.1% | 109K SF | — | Colliers |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Birmingham industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Eastern | $10.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Oxmoor Valley | $12.36/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southern | $9.91/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southwestern | $7.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
Frequently asked questions
- What is the average asking rent for industrial space in Birmingham?
- As of Q2 2026, the average asking rent for industrial space in Birmingham was $7.57/SF/yr, per Cushman & Wakefield.
- What is the industrial vacancy rate in Birmingham?
- The industrial vacancy rate in Birmingham was 8.7% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Birmingham market data come from?
- This report aggregates quarterly industrial market data for Birmingham from Cushman & Wakefield, Colliers.