Market Insight
National Snapshot
Consumer Confidence
Wednesday, November 16, 2011
After sinking into the danger zone during July and August, the economy’s vital signs have improved over the past three months. Consumer confidence in November moved out of the recessionary range to its highest level since June according to the University of Michigan Consumer Sentiment Survey, although it remains well below its pre-recession highs. Other indicators including retail sales, GDP and various employment data also suggest that the economy dodged a recession. Dangers remain, however, chief among them the potential for tighter lending standards as banks brace for more bad news from Europe. Home prices continue to decline, and the labor market, while showing some improvement recently, is far from robust. For commercial real estate, the outlook is mixed. Low interest rates brought on by Federal Reserve policy and general economic weakness are helping to fuel investor demand, but the leasing market is generally sluggish with the exception of apartments, which have benefited from the foreclosure crisis and the soft housing market.
Financial Update
Research Reports
Richmond Industrial Market Trends Q2 2011
Tuesday, September 20, 2011
The “LSU” Recovery
Richmond Office Market Trends Q2 2011
Tuesday, September 20, 2011
Large Transactions Aid Recovery
Richmond Retail Market Trends Q2 2011
Tuesday, September 20, 2011
Optimism Returning
Richmond Industrial Market Trends Q1 2011
Wednesday, May 11, 2011
Richmond Retail Market Trends Q1 2011
Wednesday, May 11, 2011
Richmond Land Market Trends Q1 2011
Wednesday, May 11, 2011
Richmond Office Market Trends Q1 2011
Tuesday, April 12, 2011
Richmond Multi Housing Market Trends Q4 2010
Tuesday, March 15, 2011
Richmond Retail Market Trends Q4 2010
Tuesday, February 15, 2011
Richmond Office Market Trends Q4 2010
Monday, January 31, 2011
Richmond Industrial Market Trends Q4 2010
Monday, January 31, 2011
HBIRA Blog
Featured Real Estate
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The Communities at Southwood
HBIRA represented the purchaser of The Communities at Southwood, a 1,286 unit apartment complex sell
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700 Centre
HBIRA represented the owner of the 700 Centre office building located in Downtown Richmond. 700 Cen
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Manchester Place
SOLD - Manchester Place, was a 2-acre empty lot at the foot of the Manchester Bridge, sold for $2.05
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1709 E Cary St, Richmond VA
SOLD - 1709 East Clay Street was a 45,000 sf warehouse in Shockoe Bottom, sold for $1.5M, now conver
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Villa Park
Villa Park is a 74,927 square foot service property that sold in September 2011 for $4,300,000. Har
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