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Richmond Faces CrosswindsWhile rents were down 0.3 percent on a T3 basis and occupancy dropped 190 basis points, not all fundamentals pointed the same way. Developers doubled down, with work starting on more than 7,000 units last year, and the economy continued to add jobs going into 2023.
While rents were down 0.3 percent on a T3 basis and occupancy dropped 190 basis points, not all fundamentals pointed the same way. Developers doubled down, with work starting on more than 7,000 units last year, and the economy continued to add jobs going into 2023.
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