RICHMOND Q3 2019

FIVE FACTS
Richmond’s economy added 6,700 JOBS over the past
12 months and the unemployment rate held steady
at 3.0%

At 5.8%, Richmond’s overall office vacancy was ranked

the fifth lowest in the country by CoStar

The 2.7% overall industrial vacancy rate is giving

speculative developers confidence to start new projects

The overall retail vacancy rate stayed below 5.0% for

the 10th consecutive quarter

Office sales volume accelerated during the third quarter and

accounted for 45% OF ALL OFFICE SALES YTD

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