April 22, 2026
Matrix Multifamily Richmond Report-April 2026
Richmond maintains momentum
Richmond ended the winter rental season with an advertised asking rent uptick of 0.4 percent on a T3 basis through February, reaching an average of $1,619, 50 bps above the U.S. figure. This was despite strong supply growth, as developers added nearly 6,100 units in 2025, above the decade’s annual average.
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