Mid-Atlantic Multifamily Real Estate Market Reports

Market Overview

According to Newmark’s Mid-Atlantic report, Richmond’s fundamentals held firm through early 2025, with modest vacancy increases offset by healthy rent growth in workforce housing segments. New construction has started to taper in response to capital markets pressure, while overall investor sentiment in the region remains cautiously optimistic. Richmond continues to benefit from its position as a government and healthcare hub, as well as its relative affordability compared to nearby metros like D.C. and Raleigh. Suburban nodes remain hotbeds of activity, particularly for Class B and value-add strategies.

About Newmark

Newmark is a global real estate advisory and services firm known for its institutional-grade research and transaction expertise. Their multifamily market reports blend capital markets insight with operational data, helping both developers and lenders navigate shifting demand. With coverage across primary, secondary, and emerging markets, Newmark delivers high-level strategic insights grounded in asset-level realities.

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