Richmond – Tidewater is the 18th largest multifamily market with 232,553 completed units and 49,050 units in development, 11,018 of which have already broken ground, as of December 2021.
Richmond – Tidewater Multifamily Market Summary – December 2021
New lease asking rents are at $1,345, up 11.9%▲
from the previous year placing Richmond –
Tidewater at 56th overall n year-over-year