Figures

Richmond Multifamily Figures Q2 2025

July 24, 2025 10 Minute Read

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  • The Richmond multifamily market closed Q2 2025 with an occupancy rate
    of 96.0%. This represented a .7% increase from Q1 2025.
  • There were 752 units absorbed in Q2 2025, compared to 1,082 units in Q1
    2025.
  • There were 57 units delivered in Q2 2025, compared to 926 units in Q1
    2025.
  • The overall average rent per unit for multifamily in Richmond ended Q2
    2025 at $1,593, which was up 1.7% from Q1 2025.
  • The total multifamily investment sales in Q2 2025 amounted to $39.8
    million in total volume, compared to $149.8 million in Q1 2025.