Q4 2025 Virginia Retail Market Report

The retail real estate market in Virginia continues to cool. Net absorption was negative statewide and in most metro regions, and vacancy rates are trending up. Retail rents continue to soften overall, still rising but at a slower rate, and the construction pipeline is getting smaller.

Read the full report.

Q4 2025 Virginia Office Market Report

There was a bump in absorption in the office sector to close out 2025, most of which was in Northern VA, Richmond, and Lynchburg. Office vacancy rates remained unchanged at the state level, and rents continued to soften compared to last year. The construction pipeline increased, but overall levels remain small, less than half of what they were a couple years ago.

Read the full report.

Q4 2025 Virginia Industrial Market Report

Virginia’s industrial real estate market ended 2025 on a strong note. Net absorption hit its highest level in about two years and rent levels are trending higher. Vacancy rates were flat overall, but inched up for distribution/warehousing space. The construction pipeline continues to slow down.

Read the full report.