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    Five Fast Facts - RIC Q3 2018

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    Richmond's unemployment rate decreased to 3.2% in Q3 2018 as the economy added 6,900 jobs from the previous year. Overall office vacancy decreased year-over-year to 6.6%, and 63,038 square feet of office space was absorbed in Q3, putting upward pressure on rents. Nearly 560,000 square feet of new industrial space was delivered, raising industrial vacancy to 4.2%, while retail vacancies remained low at 4.5% for the total market.

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    Five Fast Facts - RIC Q3 2018

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    Richmond's unemployment rate decreased to 3.2% in Q3 2018 as the economy added 6,900 jobs from the previous year. Overall office vacancy decreased year-over-year to 6.6%, and 63,038 square feet of office space was absorbed in Q3, putting upward pressure on rents. Nearly 560,000 square feet of new industrial space was delivered, raising industrial vacancy to 4.2%, while retail vacancies remained low at 4.5% for the total market.

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    Five Fast Facts_RIC Q3 2018

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    Richmond's unemployment rate decreased to 3.2% in Q3 2018 as the economy added 6,900 jobs from the previous year. Overall office vacancy decreased year-over-year to 6.6%, and 63,038 square feet of office space was absorbed in Q3, putting upward pressure on rents. Nearly 560,000 square feet of new industrial space was delivered, raising industrial vacancy to 4.2%, while retail vacancies remained low at 4.5% for the total market.

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    29 views1 page

    Five Fast Facts - RIC Q3 2018

    Uploaded by

    Anonymous Feglbx5
    Richmond's unemployment rate decreased to 3.2% in Q3 2018 as the economy added 6,900 jobs from the previous year. Overall office vacancy decreased year-over-year to 6.6%, and 63,038 square feet of office space was absorbed in Q3, putting upward pressure on rents. Nearly 560,000 square feet of new industrial space was delivered, raising industrial vacancy to 4.2%, while retail vacancies remained low at 4.5% for the total market.

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    Richmond Q3 2018

    FiveFastFacts
    Richmond’s UNEMPLOYMENT RATE DECREASED 60
    BPS TO 3.2% with the economy ADDING 6,900 JOBS
    from the previous year in Q3

    Overall office vacancy DECREASED 90 BPS


    year-over-year to 6.6%

    63,038 SF OF OFFICE SPACE was absorbed in Q3 and


    healthy demand is providing upward pressure on rents

    Nearly 560,000 SF OF INDUSTRIAL SPACE delivered in


    Q3, contributing to an increase in industrial vacancy to 4.2%

    Retail vacancies remain at historically low levels at


    4.5% FOR THE TOTAL MARKET

    ©2018 Cushman & Wakefield | Thalhimer. All rights reserved. The information contained within is gathered from multiple sources considered
    to be reliable. The information may contain errors or omissions and is presented without any warranty or representations as to its accuracy.

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