Full Report Norfolk/Virginia Beach
Market Intelligence | Virginia Norfolk/Virginia Beach VA Multifamily Investment Market Report “Hampton Roads posted the third-highest annual apartment rent growth among the nation’s top 50 markets, with only 648 units under construction — 0.5% of total inventory. The world’s largest naval base does not care about interest rate cycles the way most Sunbelt demand drivers […]
Full Report Richmond
Market Intelligence | Virginia Richmond GA Multifamily Investment Market Report “Richmond posted one of the highest year-over-year rent gains in the country while absorbing its second-highest annual delivery total in a decade — a Fortune 500 concentration few markets this size can match doing the quiet, steady work underneath the headlin number.” August 2026 Mid-2026 […]
Richmond
Richmond at a glance ~$1,619–1,625 Average Rent per Unit +3.6% YoY Rent Growth ~7.2%–9.5% Overall Vacancy ~$1.6B (2025) Multifamily Deal Activity ~5,200–8,844 units Units Under Construction Market Overview Richmond delivered 6,089 new units in 2025 — the second-highest annual total in the past decade and a 39% increase from 2024 — yet still posted year-over-year […]
Norfolk/Virginia Beach
Rate-resistant naval demand and a near-zero construction pipeline ($0.5\%$ of inventory) combine to drive top-three national rent growth.