Market Highlights

Often referred to as The Magic City, Birmingham is well known for its rich history, good food, and wide-ranging industries. Major industries in Birmingham include Finance & Insurance, Manufacturing, and Healthcare, with 18 different organizations and companies employing over 1,000 people. University of Alabama at Birmingham is by far the largest employer, while notable brands like Regions, BCBS, Protective Life, and Wells Fargo highlight the Finance & Insurance sector. Many of the city’s largest employers feature large and first-rate hospitals, with the 7 largest hospitals offering over 3,600 licensed beds. Manufacturing also plays a significant role in the area’s economy, highlighted by Mercedes-Benz, which has committed several billion dollars to its car and battery production, and Honda, with its manufacturing plant in nearby Lincoln, AL. Under an hour’s drive from Birmingham is the University of Alabama, one of the country’s most popular schools, that has a roughly $2.8 billion economic impact on the area and an enrollment of nearly 40,000 students. Tuscaloosa also has a multifamily presence of 117 apartments and 18,688 units.

One of Birmingham’s most impressive areas is its Uptown District, which features a wide array of entertainment & dining options including TopGolf, Protective Stadium, 2 hotels (1,056 beds), and the Birmingham-Jefferson Convention Complex (BJCC). The BJCC features 220,000 SF of exhibit space, 100,000 SF of meeting space, a 3,000-seat Concert Hall, and 19,000-seat Legacy Arena. Uptown offers a wide variety of restaurants, while Birmingham features several James Beard Award-winning chefs, earning the reputation as the “Dinner Table of the South”.

Multifamily Highlights

Major Employers

  1. UAB & UAB Hospital

    28,000 jobs / 1,157 beds  | Learn More
  2. Mercedes-Benz

    6,300 jobs  | Learn More
  3. Regions Financial Corporation HQ

    5,927 jobs  | Learn More
  4. Brookwood Baptist Health

    5,800 jobs / 645 beds  | Learn More
  5. St. Vincent's Health System

    4,800 jobs / 720 beds  | Learn More
  6. Honda Manufacturing

    4,500 jobs  | Learn More
  7. Children's of Alabama

    4,400 jobs / 380 beds  | Learn More
  8. Alabama Power Company

    3,670 jobs  | Learn More
  9. Grandview Medical Center

    3,331 jobs / 434 beds  | Learn More
  10. Blue Cross Blue Shield of Alabama

    3,200 jobs  | Learn More
  11. Birmingham VA Medical Center

    2,742 jobs / 313 beds  | Learn More
  12. Protective Life Corporation

    1,750 jobs  | Learn More
  13. American Cast Iron Pipe

    1,664 jobs  | Learn More
  14. Wells Fargo

    1,522 jobs  | Learn More
  15. Brasfield & Gorrie

    1,233 jobs  | Learn More

Other Demand Drivers

  1. Riverchase Galleria

    1,402,378 SF; 156 retailers; Belk, JCPenney, Macy's  | Learn More
  2. The Summit

    1M SF; Belk, Trader Joe's, REI, Saks Fifth Avenue  | Learn More
  3. Birmingham-Shuttlesworth International Airport

    4 major airlines; nearly 10M visitors in 2022  | Learn More
  4. Protective Stadium

    $200M; 45,000 capacity; Home of UAB football  | Learn More
  5. Uptown entertainment district

    TopGolf; 1,056 hotel beds; BJCC  | Learn More
  6. Birmingham Zoo

    600,000+ annual visitors  | Learn More
  7. University of Alabama

    38,645 enrollment; $2.8B in economic impact; 13,606 jobs  | Learn More
  8. Samford University

    5,683 enrollment; $453.3M economic impact; 1,257 jobs  | Learn More