May 24, 2017
Philip Currie, SIOR, CCIM, president of J.H. Berry and Gilbert, was recently quoted in an article by the Birmingham Business Journal regarding the rise in Parkside’s property values. “The recent increases are bringing Parkside’s values in line with the area’s new economics,” Philip said. “The district’s location near Children’s of Alabama and the University of Alabama at Birmingham, which is working to connect its campus to the district, are other factors.” He also said that there are some factors that could limit property value increases in the neighborhood, such as rising construction costs. “The increased construction costs we are experiencing may prevent too much of an increase in values as the total cost of a project drives the rent, which drives the value,” Philip told the Birmingham Business Journal. Read article.