If you are looking to purchase commercial property in Midtown Birmingham, now is the time! The owners of five multi-tenant office buildings have decided they are putting the buildings on the market and are looking to cash in and sell these Birmingham assets. The midtown market is strong, and has been for a long time, and currently there isn’t much space available for companies looking to put roots in the area—until now.
The buildings are located throughout Birmingham, at SouthBridge, Lakeshore Park, University Place, Brookwood Center, and Grandview. The Birmingham commercial movers are impressed at the volume of properties that are available all at once from a typically tight local market.
The timing is great for both sellers and buyers, because there haven’t been large chunks of property available for investment purchases in the area for a while, and the market is better for selling now than it was a year ago. Developing a property is a much bigger task to take on than simply buying a property that already exists. Plus, lending rates for developers still aren’t at a point that makes sense as an expense.