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Downtown Birmingham
Downtown Birmingham has more momentum. Welcome to the most diverse district in the region with a quickly growing residential population, a vibrant local business community, beautiful historic buildings, and exciting jobs near fun and conveniences.
Want to know more before you do business here? Click the button below to download the latest (Q3-Q4 2024) Downtown Birmingham Economic Vitality Report powered by REV Birmingham.
67k
average daily employee visits (weekdays)
14.7k
downtown residents
15
developments under construction
76%
office occupancy
87%
residential occupancy
448
active retail locations
Did You Know?
We have so much more data in our Q3-Q4 2024 Downtown Birmingham Economic Vitality Report powered by REV Birmingham— but here are a few neat data points to get you started:
- During Q3-Q4 2024, downtown employee presence saw a 10.2% increase compared to the same period in 2023. This uptick reflects the ongoing return to in-office work, signaling a positive shift for the area’s economic landscape as employees contribute to local businesses
- Residential occupancy also grew: By the end of 2024, there was a 5% increase in residential occupancy downtown. Residential occupancy is the percentage of occupied rental units, with a higher percentage indicating strong demand. REV’s team believes this is a healthy readjustment following 2023’s surge in residential developments (1,138 units added to the downtown market).
- Keeping with Birmingham’s reputation as “the dinner table of the South,” downtown Birmingham’s food and beverage scene is booming. 2024 saw 25 restaurant openings and at least 13 announcements for other establishments opening soon.
- Visitor traffic to downtown Birmingham has declined, following a national adjustment in travel and entertainment spending post-COVID and amid inflation. In the second half of 2024, downtown Birmingham recorded an average of 88,423 visitor visits per day, marking a 6.5% decrease compared to the same period in 2023. Weekend visits experienced the largest drop, suggesting that fewer large-scale events and concerts have contributed to this decline.
- However, the opening of the Coca-Cola Amphitheater is expected to provide a significant boost. With 31 shows already planned for 2025, REV forecasts 220,000 visitors will attend events at the venue this year, signaling a potential revitalization of downtown’s overall visitor traffic and entertainment scene.
Contact us to speak with a downtown team member from REV Birmingham about this report and how you can fit into downtown.
To learn more, download the full report:
Past Reports
Explore our archive of reports on Downtown Birmingham to gain deeper insights into our dynamic community and equip yourself with the data necessary for informed decision-making regarding your future endeavors!
Available Downtown Properties
Are you a business owner looking to add more to Downtown Birmingham’s growing retail landscape? Let our Downtown BHM team help you get connected! Browse just a few of the downtown properties for lease below and contact us to learn more about what Downtown Birmingham has to offer you.
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A Renaissance Downtown
A Renaissance
Downtown is primed and ready.
Downtown Birmingham is in the midst of a renaissance, and it’s the ideal time to realize your dreams here. Downtown is primed and ready for more investment from developers, companies and business owners!
Develop Here
Develop Here
Downtown Birmingham needs more development.
Let us help you understand incentives and navigate issues related to your downtown revitalization projects. From consultations on fitting into a particular district to help with historic tax credits, REV Birmingham can help make your project go more smoothly.
Open Here
Open Here
Downtown Birmingham needs more businesses.
Businesses drive vibrancy downtown, and Birmingham is ready for more. REV Birmingham helps business owners create strategies for growing their business, finding the right brick-and-mortar space, honing key messaging and communications, and solving problems. Let us know how we can help you!
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Layers of good
I love Birmingham because not only is it a great place to go see all these really cool events and people, but it has so much diversity of culture and things to see in general that there’s something new every single day.Jacob Alan Bell
So much to do
Jenny MellownI love Birmingham because it has a small town feel in the middle of a city. There is so much to do from local breweries to sporting events. There is always something going on and it is easy to find something to do!
Always something new
Amy MezzellThe variety of restaurants, hangouts, stores, venues, and places to explore is incredible for a city this size. You get all of the variety of a larger city with the pleasant atmosphere of a small town.
Vacation feels
Hillary KeyBirmingham has vacation feels even if you are a local. It is home and it is beautiful.