Market Snapshot | Birmingham Q2 2025

Market Overview

In Q2 2025, Birmingham’s multifamily market remained under pressure as net absorption reached just 175 units through the first half while completions totaled 853 units, extending the stretch where demand trails new supply. Occupancy slid to 88.5 percent—the lowest level since 2016—even as average rent eked out a modest 0.4 percent annual gain. Suburban submarkets and Class A assets offered pockets of outperformance, and a slowing development pipeline may support gradual stabilization ahead.

About MMG

MMG Real Estate Advisors provides multifamily market intelligence and capital strategy insights across key U.S. metros including Birmingham. Their market reports combine rental trends, absorption, occupancy data, and pipeline analysis with local context to help investors, owners, and developers understand evolving market dynamics and make better decisions.