Room to Grow: Is the Hampton Roads Multifamily Market Overbuilt?

As we take a sharp turn in 2023, it is important to reflect on the past year, take stock of where we are currently, and begin to look ahead. In terms of real estate, many sectors are still on the sluggish road to recovery approaching the three-year anniversary of COVID.

Continue ReadingRoom to Grow: Is the Hampton Roads Multifamily Market Overbuilt?

Developers look to salvage part of Navy Hill plan with $350M project, anchored by 20-story tower

Three months after Richmond City Council said “no” to the controversial Navy Hill project, the developers behind it are looking to revive a portion of the proposal with a mixed-use development that now calls for a taller VCU Health-anchored tower.

Continue ReadingDevelopers look to salvage part of Navy Hill plan with $350M project, anchored by 20-story tower

As Southeastern Cities Experience Strong Job Growth, They Are Also Seeing a Rising Demand for New Apartments

Apartment rents are also growing quickly, rising 5.4 percent on average in Atlanta over the last 12 months, 4.1 percent in Charlotte and 3.2 percent in Nashville, according to RealPage.

Continue ReadingAs Southeastern Cities Experience Strong Job Growth, They Are Also Seeing a Rising Demand for New Apartments

Apartment Construction Boom Continues in Seattle, Putting New Strain on Occupancies

Other experts believe Seattle’s strong economy will be enough to fill the large number of new apartments that are now under construction. "Demand for urban-located apartment units both remains strong and is forecast to keep pace with deliveries based on extremely strong tech employment,” says Simon.

Continue ReadingApartment Construction Boom Continues in Seattle, Putting New Strain on Occupancies