Richmond Industrial MarketBeat Q1 2026
Richmond's industrial market experienced sustained economic growth in Q1 2026 with major company expansions including Solstice Advanced Materials' $220 million investment and over 300 new jobs announced, while vacancy rose to 4.6% due to delivery of 1.78 million square feet of speculative projects including 700,000 square feet of data center space. Asking rents increased 5.5% year-over-year for warehouse space with Class A product in the mid-$9 per square foot range, and first-quarter leasing activity totaled 860,000 square feet with sales volume at $44.5 million after a strong fourth 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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