Q2 2025 Virginia Industrial Market Report

After showing signs of slowing last quarter, the industrial market picked up slightly in the second quarter. Net absorption was up from last year, and rent levels rose overall. However, vacancy rates increased in most regional markets even with deliveries slowing. New construction was relatively flat from last year.

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Q2 2025 Virginia Office Market Report

Virginia’s office market remains sluggish through Q2 2025. New absorption was negative in the second quarter, vacancy rose, and construction activity is way down. Rent levels inched up for Class A space, but dipped for Class B/C offices.

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Q2 2025 Virginia Retail Market Report

The retail real estate market moderated in the second quarter in Virginia. Net absorption was flat, and the vacancy rate inched up. The construction pipeline is smaller than the second quarter last year but new deliveries are up as are rent levels.

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