Report | Richmond Office Insight - Q1 2016
A recent vacancy rate uptick in Richmond’s historic CBD is bringing tenants additional opportunities even as the area gets a refresh via two new Trophy towers.
Some of Richmond’s largest employers are consolidating and relocating operations, including SunTrust Bank. It plans to shrink operations downtown and shift more of the company’s footprint out to suburban submarkets. We see the company’s coming reorganization creating a near balance between its downtown and suburban footprint.
Learn more about what’s happening right now in Richmond—and what we can expect over the next couple months—by downloading our Q1 2016 US Office Insight.
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