2019 Market Review: Richmond Ranks As Top 10 Market for Industrial Growth
Porter Realty Company contributed the year end industrial market review to the December 2019 issue of Southeast Real Estate Business: Richmond’s industrial sector is poised for expansion as construction pipeline activity advances in all quadrants of the metro area. At year’s end, new construction and redevelopment continue to dominate Richmond’s industrial sector. Richmond also landed in the number 7 spot of Costar Group’s 2019 list of top cities for industrial real estate growth, released early in the third quarter. Becknell Industrial is well underway with construction at its second Richmond-area development with the first phase of the Airport Logistics Center leased and scheduled for delivery in early 2020.
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