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”.
