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Developers See Fast-Growing Richmond Market As New Target For Expansion

July 3, 2023
Developers See Fast-Growing Richmond Market As New Target For Expansion
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Richmond has experienced faster population growth than Northern Virginia since the start of the pandemic, and several employers and developers are seeing the migration trends as a reason to expand in the market.

Hirschler Law’s Matthew Roberts moderates a panel with Crescent Communities’ Brandon Wright, Greystar’s John Clarkson, Capital Square’s Whitson Huffman and Drucker + Falk’s Andrew Chisholm.
Developers and economic development officials speaking earlier this month at Bisnow’s Richmond State of the Market event said the city has a few key factors going for it: a talent pipeline stemming from nearby and local universities, business-friendly policies and a reduced cost of living.

“It seems to be, I hate to say ‘on fire,’ because I know that technically Richmond burned down at some point, but things are happening,” Greater Richmond Partnership President Jennifer Wakefield said at the event, held at the Richmond Marriott Downtown.

Click here to read the rest of the article written by Emily Wishingrad over at Bis Now

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