Hampton Roads


Hampton Roads is the 33rd largest MSA in the United States, with a population of more than 1.7 million.  Hampton Roads supports the largest active duty military population in the US with 11 major military installations representing all branches of the U.S. Armed Forces, including the world’s largest naval base.  More than two-thirds of the nation’s population and marketplace are within 750 miles of Hampton Roads.

While the Hampton Roads market is one region, it includes 13 separate municipalities.  The market is physically divided by the James River, with two-thirds of the population on the “Southside” of the James and one-third of the population north of the James, called the “Peninsula”.  The Hampton Roads Bridge Tunnel, Monitor Merrimac Tunnel and James River Bridge provide three access points between the Peninsula and Southside.

Hampton Roads is known as America’s Birthplace for contributing over 400 years of history, starting with the Historic Triangle.  Millions of visitors come to experience Colonial Williamsburg, the Jamestown Settlement and the Yorktown Battlefields.   Virginia Beach is also a major tourist destination for the oceanfront resort area.   The market is well served by two airports (Norfolk/Virginia Beach International and Patrick Henry Airport) and an Interstate network connecting to I-95.

Cushman & Wakefield | Thalhimer’s Hampton Roads offices are located in Oyster Point Park in Newport News and the Virginia Beach Town Center.  More than thirty broker professionals serve retail, office, industrial and hospitality requirements.

Andy Dallas, CCIM, SIOR

Senior Vice President

Bobby Phillips, SIOR

First Vice President, Certified Supply Chain Specialist

Brett Sain

First Vice President

Chris Rouzie

Executive Vice President, Regional Manager

Christine Kaempfe, SIOR

Senior Vice President

Clark Simpson

Senior Vice President, Capital Markets Group

Clay Culbreth

Senior Vice President, Industrial Properties

Clay Willis


David Butchello

Vice President, Hospitality

David Machupa

Senior Vice President, Retail Services

Dawn Griggs, SIOR

First Vice President

Dean Martin

First Vice President

Drew Haynie

First Vice President

Edward Kimple

Senior Vice President

Ellis Colthorpe

Senior Associate

Eric Stanley

First Vice President, Retail Properties

Erik Conradi

Senior Associate, Capital Markets Group

Geoff Poston, SIOR

Senior Vice President

Janet Whitbeck

Senior Vice President

Josh Fulton

Senior Associate

Kenneth Penrose, Jr.

Vice President

Rob Wright

Senior Vice President

Robert Thornton, CCIM, SIOR

Senior Vice President

Ted Levin

Vice President, Retail Properties

Teresa Nettles

Senior Vice President, Office Properties

Tom Dana

Vice President

Tony Weiss

Vice President

Wick Smith

Senior Vice President

William Throne, CSCMP, CCIM, SIOR

Senior Vice President, Certified Supply Chain Professional

Fast Facts

  • Population: 1,718,624
  • Median Age: 37.8
  • Median Household Income: $63,481
  • Employment: 949,496
  • Unemployment Rate: 4.4%
  • GDP: $94.9 billion

Major Employers in Hampton Roads

Leading Employers

CompanyProduct/ServiceEstimated Employment
Sentara Healthcare | Norfolk22,000
Norfolk Naval Shipyard | Portsmouth8,500
Smithfield Foods, Inc. | Smithfield2,700
Old Dominion University | Norfolk4,000
Amerigroup Corporation | Virginia Beach1,700
AMSEC LLC/SAIC | Virginia Beach 1,200
GEICO Direct | Virginia Beach2,300
STIHL Inc. | Virginia Beach2,000
Huntington Ingalls Industries, Inc. (Newport News Shipbuilding) | Newport News 24,000
Riverside Health System | Newport News 8,000
Canon Virginia | Newport News 2,000
NASA Langley Research Center | Hampton 1,800
Colonial Williamsburg Foundation | Williamsburg 2,500
Anheuser Busch, Inc. / In Bev | Williamsburg 600