Multifamily groundbreakings in Hampton Roads hit lowest point in over a decade
Virginia Beach remains focal point for groundbreakings in Coastal Virginia
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...
Richmond industrial real estate sales log banner year despite fall from record high
Private out-of-market players drove sales volume in Virginia capital in 2024
Industrial sales volume in Richmond, Virginia, slowed in 2024, coming in at nearly $600 million. That marks a 25% drop compared to the $800 million in sales in 2023 — a record for ...
Hampton Roads’ labor market remains tight heading into new year
Job growth in Coastal Virginia is slightly outpacing the national average
Employment growth in Hampton Roads, Virginia, is outpacing the country with the mining, logging, and construction sector driving much of the growth, according to new data from the ...
Annual job growth rate doubles in Richmond, Virginia
Preliminary data points to 3.4% growth in employment since November 2023
The annual job growth rate in Richmond Virginia, doubled over the past year, with the education and health services sector fueling the increase.
Office building completions spike in Hampton Roads, bucking national trend
Developers continue to build out Coastal Virginia's suburban and medical office inventory
The amount of office space completed in Hampton Roads, Virginia, surged in 2024, a trend that runs counter to the national drop in office construction as markets across the country...
Industrial availability rate in Hampton Roads, Virginia, at near-decade high
Availability is highest in logistics buildings
Hampton Roads, Virginia's industrial availability rate has hit a near-decade high as the market remains a focal point for developers due to the growing Port of Virginia and its inf...
Industrial availability rate in Richmond hits highest point in two years
Availability is highest in logistics properties
The industrial availability rate in the Richmond, Virginia, market hit its highest point in two years as developers continue to pile on space to meet demand from tenants looking to...
Industrial development picks up in one of US' tightest markets
Developers remain bullish on Hampton Roads, Virginia's South Suffolk and Chesapeake areas
Industrial developers in Hampton Roads, Virginia, are picking up the pace on new groundbreakings in a market that sports one of the lowest availability rates in the country.
Retail availability near decade low in Richmond, Virginia
Space is hardest to find in properties built between 1991 and early 2020
Favorable demographic trends, such as job and population growth, have helped bolster consumer buying power in Richmond, Virginia, spurring demand for the market’s retail space. As ...
Retail availability hits decade-low in Hampton Roads
Market's availability trends are unlike those in Central Virginia
Recent consumer spending trends have led to retailers aggressively leasing space, making quality locations hard to find across much of the country.
Retail leasing in Richmond, Virginia, on pace to close near 2023 volume
Planet Fitness, Academy Sports, Marshalls expansions drive leasing
After a big drop to end 2023, retail leasing in Richmond, Virginia, has been stable through the first three quarters of 2024, though it remains below the peak volume of 2021-2022.
Number of completed apartments set to hit decade-high in Hampton Roads, Virginia
Multifamily developers still bullish on Norfolk City and Virginia Beach
Hampton Roads, Virginia, is on pace to hit a decade-high for apartment completions as the market's relative affordability and diverse economy continue to draw new renters.
Hampton Roads office owners likely to see slower gains over near term
Year-over-year office rent gains forecast to stabilize above the national average
Office landlords in the Hampton Roads, Virginia, region are forecast to see more modest gains over the next few years as landlords balance concessions and tenant improvement costs ...
Retail leasing stabilizes in Hampton Roads after hitting decade highs
Burlington, Dollar Tree and Bob’s Discount Furniture drive leasing volume
Retail leasing volume in Hampton Roads, Virginia, appears to be stabilizing after hitting decade-highs in 2022 when over 3.2 million square feet of space was leased.
Apartment developers pull back on new projects in Richmond, Virginia
Developers have broken ground on less than 1,000 units year to date
Apartment developers in Richmond, Virginia, appear to be pulling back on new projects after last year's decade-high levels of construction.
Industrial investors remain bullish on Hampton Roads
Logistics and distribution centers drive activity in Virginia's Tidewater region
Industrial investors in Hampton Roads, Virginia, are keeping busy in the market despite tough lending conditions and higher-than-average interest rates.
Industrial construction falls from record highs in Richmond
Pipeline in Virginia capital down nearly 20% year over year
After hitting decade-highs in 2022, industrial construction in Richmond, Virginia, has fallen back to earth.
Retail rent growth in Hampton Roads at decade high
Lack of available space gives landlords in Virginia market more leverage to push rents
Retail real estate owners in Hampton Roads, Virginia, have pushed asking rents at a decade-high pace in the first half of the year, and current trends point to further runway for l...
Retail tenants face shrinking availability in Hampton Roads
Virginia region's strip centers and freestanding retail properties sport decade-low availability rates
Available retail space remains hard to come by in Virginia’s Hampton Roads area as minimal construction and demand keep availabilities tight.
Retail investment spikes in Hampton Roads
Newport News sales drive second-quarter increase
Sales volume in Hampton Roads, Virginia, surged in the first half of 2024 to the highest point since last year.