October 24, 2024
Matrix Multifamily Richmond Report-October 2024
Richmond’s advertised asking rents rose 0.3 percent on a T3 basis through August, to $1,542, 20 bps ahead of the U.S. average. That was despite robust supply, with 3,934 units coming online YTD, up 500 YoY, and starts only slightly down.
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