Richmond’s Commercial Real Estate Market

Click on The Richmond Review, 2nd Quarter 2016 for a summary of commercial real estate activity in Richmond. Highlights include: · Richmond is almost out of leasable warehouse space with the vacancy rate at 0.4%, although peak rental rates of over $0.50 from a year...

Richmond Unemployment Rate Hits New Record Low

The Richmond unemployment rate for June 2016 hit a new record low of 4.6%. Out of a labor pool of 52,900 people, only 2,400 are still looking for jobs. 50,500 are employed. That is the lowest on record and perhaps the lowest in Richmond history except for during WWII....

What’s With Cybertran?

Turns out, the guy who invented CyberTran was a classmate of mine at the University of Arkansas. That doesn’t mean I think it’s right to spend Richmond’s scarce monetary resources subsidizing the privately-owned company’s public relations efforts. Then I get bashed...