Q2 2019 Richmond Industrial Research & Forecast Report

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  • The 461,700 square-foot second phase of Panattoni’s Virginia I-95 Logistics facility was fully pre-leased to an e-commerce user with delivery and occupancy scheduled for early Q4 2019.
  • The 152,000 square-foot Northlake Commerce Center is fully pre-leased to two third-party logistics users and a food and beverage distributor. Delivery and occupancy are expected in September.
  • The 798,786 square-foot Interstate Logistics Center in Prince George County sold for $21.7 million to Ashley Capital.
  • Total industrial user demand (including users seeking to buy or build) is more than double this time last year at a current volume of 5.7 million square feet.
  • Costar recently featured Richmond in its top-ten markets for industrial growth citing Richmond’s need for new supply and its data center development pipeline, namely 3.2 million square feet between three buildings in the Airport submarket.

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Q2 2019 Richmond Industrial Research & Forecast Report

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