After a building boom over the last several years, multifamily groundbreakings in Hampton Roads, Virginia, are now at their lowest point in over a decade as developers pull back on new projects due to elevated interest rates, construction costs and competition.
Multifamily groundbreakings in Hampton Roads hit lowest point in over a decade
Virginia Beach remains focal point for groundbreakings in Coastal Virginia
By Alvin Abston
CoStar Analytics
January 21, 2025 | 7:00 P.M.
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