Matrix Multifamily Richmond Report-October 2022

Richmond Rental Investment Hot—For Now

The Richmond-Tidewater metro slightly outpaced the moderating rate of rent improvement on a T3 basis, at 0.7 percent as of August. The market saw record-breaking investment activity over 12 months, showcasing investor confidence in the multifamily market, but mounting pressures from the debt markets will likely curb the pace of sales.

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