March 2024
The Birmingham, AL market is experiencing significant growth and national recognition fueled by an increase in population, expanding businesses, and a thriving downtown area.
Birmingham named one of the top 10 markets with the highest occupancy increases.
Alabama wage growth outpaces national wage growth. For workers who have stayed in the same job for the last 12 months in Alabama, median annual salary was 6% higher than one year prior.
Children’s of Alabama hospital approved for $55M renovations expected to be completed by Fall 2026.
With over 10,000 people living downtown, data predicts a steady increase from 2022 to 2027.
Birmingham contractor Brasfield & Gorrie announced an $18.9 million expansion of its headquarters, in a project anticipated to create 85 jobs over five years.
Digital health startup Acclinate plans to add 25 full-time workers in Birmingham expansion.
