Last month a truck manufacturing company called Autocar announced that their assembly plant opened and they will be hiring over 700 people in the Center Point neighborhood. These 750 jobs are just direct jobs, but the total amount of jobs that will be created from this plant are over 2,500.

 

Autocar is now the state’s fourth major auto assembly plant. Alabama already has plants for Mercedes, Honda, Hyundai and Toyota. Now with Autocar moving in to Birmingham, it just makes the auto assembly section that much stronger in Alabama.

 

This Autocar assembly plant will create over $120M in earnings for households in Birmingham. With this new income we believe that the amount of tenants will increase in this neighborhood. We also believe that with this higher demand for rental properties, the price people are willing to pay will also increase. Higher rents means that property values will also increase because investors like you and me are willing to pay more money for properties which rent out for a higher amount every month.

 

We’re excited for this hiring process to be complete and for these new jobs to move into the neighborhood. This could be the first of many more companies to move into Birmingham in the auto assembly space.

 

If you’re interested in seeing the properties that we currently have available view our current inventory. If you would like to talk to us and ask us more questions, feel free to schedule a call with us.

 

To read more about this move click here.