City of Richmond, Virginia
The City of Richmond is Virginia’s capital and the core of the metro area. Neighborhoods like Scott’s Addition have turned former industrial buildings into restaurants, breweries, retail, and flex space, and the Diamond District is redeveloping the land around the new ballpark.
The guides below cover in-town leasing, the city’s zoning rewrite and parking rules, historic tax credits, and investment topics that apply across the metro.
Scott’s Addition turned a century-old industrial grid into Richmond’s densest cluster of breweries, restaurants and flex users. Here is how zoning, old buildings and the Diamond District shape what a lease there really costs.
Since April 2023, Richmond’s zoning ordinance no longer requires a minimum number of off-street parking or loading spaces. That removes a zoning hurdle for restaurants and redevelopment, but not the market’s expectations about parking.
The Diamond District is Richmond’s 67-acre, city-led redevelopment around CarMax Park. Here is what is actually built, what is under construction, and what it means for retail and office tenants and Scott’s Addition owners next door.
A buyer’s guide to Richmond apartment investing: where the market stands in 2026, how submarkets and property vintages differ, how to underwrite and finance a deal, and the Virginia tenant-law and tax changes that affect owners.
The best apartment sites in the City of Richmond are the ones where zoning already allows the units, utilities are at the curb, and the rent supports the land price. Here is how developers screen them in 2026.
Richmond’s Code Refresh would replace the city’s zoning ordinance and remap every parcel. As of late September 2026 it is still a draft. Here is what it proposes for commercial, mixed-use and industrial land, and how to underwrite around it.
A practical guide to Richmond net lease investment: what triple-net really covers, how cap rates get set, how 1031 deadlines and Virginia transfer taxes affect the deal, and what to verify before you close.
Public 2026 reports publish Richmond cap rates for multifamily but not for retail or industrial. Here is every figure I could verify, with its source and period, and how to use cap rates without being misled by them.
How commercial property is valued in Richmond: the income, sales comparison and cost approaches, when you need a certified general appraiser instead of a broker opinion, and how to appeal an assessment in the City of Richmond, Henrico and Chesterfield.
Richmond’s old warehouses and storefronts can carry up to 45% of eligible rehab costs in combined federal and state credits. Here is who qualifies, how the approvals work, and how owners turn credits into equity.
The 1031 rules are federal, but the scramble for replacement property is local. Here is how the identification rules, the 180-day clock, and boot work, and how to run a Richmond search that finishes on time.
Selling a commercial property in the Richmond area is a sequence: price it on income, assemble a clean offering package, choose how to market it, then manage the buyer from LOI through due diligence to closing. Here is each step, with the Virginia-specific rules and costs sellers run into.
On a Virginia commercial sale, the seller owes the grantor’s tax and the buyer customarily pays the state and local recordation tax on the deed and on any new deed of trust. Here are the rates, a worked example for the Richmond area, and how the split is negotiated.
Leasing, buying, selling, or evaluating a site — tell me what you're trying to accomplish.
Start a conversation