Wine & Real Estate @ The Model Tobacco Lofts

Richmond’s multi-family market remains dynamic, with an 8.4% vacancy rate—one of the highest in Virginia—driven by steady new construction. While rent growth has slowed to 2.8% annually, the region's affordability and strong demand in workforce housing keep its fundamentals solid. With 4,700 units under construction and strong population growth nearly double the national average, Richmond offers opportunities and challenges for real estate stakeholders in 2024

Average. That is the person I would have become if I had not decided to change the trajectory of my life. There are millions of people who have perfected “average,” so why not try something a little different? For so much of my life, I believed in the notion of “keep your head down, work hard, and good things will come.”

To calculate the value of a commercial property, use methods like the income approach, sales comparison, or cost approach. Accurate valuation depends on NOI, cap rates, market conditions, and location.