16 Dec 2025
This week the Radius+ team took a look at the Richmond VA CBSA.
Historical Supply Growth in Richmond VA:
Richmond has experienced slow to measured supply growth since 2022, enabling rental rates to trend upward. The region saw strong economic growth from 2019 to 2023, particularly within the healthcare and logistics sectors. These industries contributed to job creation, population expansion, and new housing development, all of which have supported storage demand. With supply growth remaining controlled, the market should continue to see healthy rental rate momentum
