The multifamily market in Virginia was experiencing steady growth and high demand, particularly in the Washington D.C. metro area and Northern Virginia. Vacancy rates remain low, and rental rates continued to rise, driven by the strong job market and population growth in the region.
Based on 79% of the capital invested in Virginia multifamily assets originating from out of state and a 22% Avg $/Unit increase due to this extra activity, Virginia is a good market to invest in. To get this information in a one-page summary, click here.
