Insights
Alabama
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VACANCY
Apartment
Average Vacancy Rate 5.5%
- Drifted downward by 10 basis points.
- Expected to finish 2020 at 6.8%.
Distribution / Warehousing
Average Vacancy Rate 12.6%
- Declined by 120 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2019 at 11.6%.
Office
Average Vacancy Rate 15.7%
- Drifted downward by 20 basis points.
- Expected to finish 2020 at 18.1%.
Retail
Average Vacancy Rate 16.0%
- Drifted upward by 10 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2020 at 17.8%.
RENT
Apartment
Average Asking Rent $964
- Up 0.6% from Q1 2020.
- Fastest rate of increase in four quarters.
- Has risen in every quarter since year-end 2016.
Distribution / Warehousing
Average Asking Rent $4.14
- Up 0.5% from year-end 2018.
- Expected to finish 2019 at $4.24.
Office
Average Asking Rent $20.39
- Down 0.1% from Q1 2020.
- Expected to finish 2020 at $20.19.
Retail
Average Asking Rent $15.91
- Down 0.4% from Q1 2020.
- Expected to finish 2020 at $15.13.