Birmingham, Alabama's multifamily demand has been robust over the last year, but it has not kept up with the abundance of new completions in the market. As a result, Birmingham's vacancy rate has risen to 11.7%, far above the national average of 7.8%.
Tempered Construction Pipeline Key to Birmingham, Alabama’s Multifamily Vacancy Recovery
Strong Demand Hasn’t Kept Up with Number of New Units Completed
CoStar Analytics
August 22, 2024 | 5:51 P.M.
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