Wine & Real Estate @ The Model Tobacco Lofts

The Norfolk multi-family market offers steady growth with a 6.8% vacancy rate, outperforming the national average, and rental growth stabilizing at 2.8% annually. Key drivers include strong demand from the healthcare and military sectors, coupled with an active pipeline of 810 units under construction. With attractive cap rates and consistent investment activity, Norfolk remains a top choice for real estate stakeholders in 2024

Richmond, VA’s multifamily market is shifting in 2025. With an 8.4% vacancy rate, rent growth projections, and 4,800 new units under construction, investors must carefully evaluate opportunities. Discover which submarkets are booming, where to exercise caution, and what’s driving the city’s rental demand. Stay informed to make smarter investment decisions in Richmond real estate.