Richmond Multifamily Market Report
By PropZone Research · Data through Q4 2023 · Aggregated from Lee Associates
Quarterly multifamily market indicators for Richmond, aggregated by PropZone from Lee Associates. As of Q4 2023, average asking rent was — with a 7.7% vacancy rate.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q4 2023 | — | 7.7% | 3.4M SF | — | Lee Associates |
| Q3 2017 | $1277.00/SF | 7.9% | 2K SF | — | Lee Associates |
Frequently asked questions
- What is the average asking rent for multifamily space in Richmond?
- PropZone aggregates multifamily asking-rent data for Richmond from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in Richmond?
- The multifamily vacancy rate in Richmond was 7.7% as of Q4 2023 (Lee Associates).
- Where does PropZone's Richmond market data come from?
- This report aggregates quarterly multifamily market data for Richmond from Lee Associates.
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