Richmond’s Multifamily Sector is the Best-Kept Secret in the Southeast
Mention “rising secondary multifamily markets in the Southeast” and what might come to mind are markets such as Charlotte, Raleigh, Nashville or Orlando. A less discussed candidate is Richmond, which has a case to be considered the multifamily sector’s best-kept secret. It’s a secondary market that’s moving forward full steam ahead for two primary reasons: supply and demand.More people = demand According to the 2020 Census, the population of the city of Richmond stood at 232,226, …