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Retail demand in Birmingham remains resilient, with a broad mix of small retailers and national brands pursuing strategic locations. According to TenantBase data, 62% of users are looking for lease terms of three years or less, while 17% are pursuing long-term leases. This split indicates that Birmingham remains a viable entry market for entrepreneurs and small retailers, as well as a stable environment for established concepts looking to anchor high-traffic centers.
Popular areas such as Five Points South, Hoover/Riverchase, and Pelham are drawing retailers due to their strong foot traffic and demographic diversity. The presence of lifestyle centers and mixed-use developments continues to fuel growth in this segment.
TenantBase is a technology platform built specifically for tenants. We make the process to find and lease space easier by combining our unique technology with experienced local commercial real estate brokers.
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
|---|---|---|---|
| Airport Area | 2,200 | $1.17 / SF | 30 |
| Eastwood | 3,000 | $1.17 / SF | < 30 |
| Five Points South | 3,400 | $1.90 / SF | 36 |
| Grand River Outlets | 2,500 | $1.50 / SF | < 30 |
| Hoover | 1,600 | $1.20 / SF | 32 |
| Lake Purdy | 2,900 | $2.48 / SF | < 30 |
| Midfield | 11,000 | - | < 30 |
| Riverchase Galleria | - | - | < 30 |
| Southside | 1,700 | $1.53 / SF | 55 |
| Tarrant | 3,300 | $1.14 / SF | < 30 |