Richmond Multifamily MarketBeat Q1 2026
This Cushman & Wakefield report analyzes Richmond, Virginia's multifamily market in Q1 2026, finding that the region experienced sustained job growth with an 18.1% increase in job postings since February 2020 (versus the U.S. average of 13.4%), while overall vacancy decreased 30 basis points year-over-year to 9.2%, effective rents grew 2.0% year-over-year to $1,603 per unit, and the construction pipeline contained 4,425 units under development. Major announced investments included Solstice Advanced Materials' $220 million commitment in Chesterfield and Eaton's $50 million investment in Henrico County, with year-to-date net absorption of 469 units and sales volume totaling $203 million in the quarter.
Published by Cushman & Wakefield. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Cushman & Wakefield
- Obtained from
- Unknown: source not established
- Published
- Mar 31, 2026
- Last updated
- Jun 28, 2026 (1 month ago)
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