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Developers See Fast-Growing Richmond Market As New Target For Expansion

June 26, 2023

June 26, 2023

Richmond has experienced faster population growth than Northern Virginia since the start of the pandemic, and several employers and developers are seeing the migration trends as a reason to expand in the market.

Developers and economic development officials speaking earlier this month at Bisnow’s Richmond State of the Market event said the city has a few key factors going for it: a talent pipeline stemming from nearby and local universities, business-friendly policies and a reduced cost of living.

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