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Innsbrook empties out: Vacancy rate poised to double

Al Harris November 24, 2008 0

Nearly 1 million square feet of class A office space in the Innsbrook area could be vacated as locally-based corporations downsize, driving down rental rates in the area but potentially making the Richmond area

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Office space getting cheaper

Al Harris October 27, 2008 0

Richmond office vacancies continue to rise, which means prices are likely to fall. The vacancy rate in the central business district rose about 3.5% from the last quarter for a total rate of 13.5%,

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Carytown vacancy declines

Alec Depcrynski September 25, 2008 0

Vacancy in Carytown seems to be declining. It’s been three months since we walked through Carytown to figure out how many unoccupied buildings lined the streets. At the time, we counted 22 empty buildings,

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Riverfront condos slow to catch on

Alec Depcrynski September 24, 2008 0

The two riverfront condo towers are around 50% occupied, according to a BizSense count. Note: After we published this story, Jack Berry, Executive Director for Venture Richmond, got in touch with us to give

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Ashland and Hanover not fighting growth anymore

Alec Depcrynski September 18, 2008 0

A strange shift for the “Center of the Universe,” as the village is sometimes called, to a retail hotspot and thriving business district. Just a few years back, residents of the Hanover County town

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Rough patch for malls

Alec Depcrynski August 28, 2008 0

Out of five Richmond malls, only one has a vacant storefront rate below 7 percent – Short Pump Town Center, at 3.8 percent. The highest empty-store rate belongs to the Shops at Willow Lawn,

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There’s hope for Hull Street yet

Alec Depcrynski August 7, 2008 0

What was once a main street of Chesterfield County, Hull Street is now the most run-down commercial strip in Richmond. Paper flyers and food wrappers get caught in the wind and ride aimlessly until

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Shockoe Bottom-ing out?

Alec Depcrynski July 24, 2008 0

In 2004 Richmond’s historic Shockoe Bottom was devastated by Hurricane Gaston. Drainage systems malfunctioned and overflowed, and floodwater ran freely through the streets causing extensive damage to businesses. Four years later, the area is

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A Tale of Two Broad Streets

Alec Depcrynski July 15, 2008 0

The farther east you walk down Broad Street and away from VCU, the more beat up and empty it gets. There are “For Sale” signs, “For Lease” signs, and signs simply marked “Closed.” Some

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Does Carytown have a vacancy problem?

Alec Depcrynski July 2, 2008 0

Heading east along Carytown, for every 10 to 15 occupied buildings there’s a vacant one with a placard inviting you to call a commercial real estate broker. Richmond BizSense did an unofficial count of

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