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Richmond Stays Ahead Richmond’s advertised asking rents remained flat on a T3 basis through February—on par with the nation—but its other fundamentals signaled a solid start. Last year was the second best for supply growth since 2017, with 6,755 units added, while occupancy ticked up 20 bps YoY, to 95.0 percent.
Richmond’s advertised asking rents remained flat on a T3 basis through February—on par with the nation—but its other fundamentals signaled a solid start. Last year was the second best for supply growth since 2017, with 6,755 units added, while occupancy ticked up 20 bps YoY, to 95.0 percent.
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