Q3 2025 Virginia Retail Market Report

The retail real estate market was relatively slow in Q3. Net absorption was negative again, rent levels are rising overall, but at a similar level as last quarter. Vacancy rates were unchanged, and the construction pipeline is smaller than a year ago.

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Q3 2025 Virginia Office Market Report

It was a relatively slow Q3 in office markets around Virginia. Overall absorption was slightly positive, but essentially flat, and rent levels softened in some sectors. Vacancy rates climbed, and the construction pipeline continues to get smaller.

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Q3 2025 Virginia Industrial Market Report

The industrial market picked up in Q3. Net absorption was up, rent levels are rising across property types, and the construction pipeline is expanding. Vacancy rates drifted up, most of which was manufacturing space.
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