Retail Redevelopment: From Malls to Mixed-Use

Richmond’s retail market is known to run hot, and sustained demand has forced vacancy rates to historic lows. New construction has been limited with only 6 million square feet of new space added in the last decade. As a result, landlords and developers have turned to existing older malls and centers, converting them into modern campuses that combine commercial and retail space with multifamily components.

The New Office Evolution: Office Build-Out Trends

The new hybrid work patterns of a post-pandemic world have forced workflows to evolve, and office interiors have followed suit as landlords and tenants alike look for creative ways to cultivate an office atmosphere that rivals the comforts of home. Experts ranging from architects and space planners to landlords and design specialists share their insights on current build-out trends.

Virginia’s Data Center Development Boom

Virginia is home to the world’s largest data center market centered around Data Center Alley in Northern Virginia (NoVA). The exponential growth in demand has pushed NoVA to near maximum capacity. With vacancy rates at less than 1%, users and developers are looking farther south along the I-95 corridor to the Fredericksburg and Richmond markets as a result.

Thalhimer Multifamily 2025 Market Forecast

New this year! Our market rent forecasting and strategy guide with insights into specific submarket conditions. Thalhimer Multifamily manages more than 10,000 units in over 75 properties throughout Virginia and North Carolina with a mission to produce outstanding operating results.

2024 CRE Impact Report + Exclusive Market Survey Results

2024 was another active year in our Virginia markets with a flurry of expansion and construction activity ranging from data center development to life sciences, and our annual CRE Impact Report highlights it all. This year’s edition also includes a snapshot of the results from our exclusive commercial real estate market survey, which was sent to targeted occupiers, owners, and influencers to get their perspectives on current market trends and challenges.