Richmond’s Data Center Boom Is Outpacing The Nation — But Backlash Is Also Building

August 14, 2025 / no comments

No American city is adding data centers faster than Richmond, Virginia, and the gap is only growing.
Richmond’s data center inventory surged more than sevenfold in the first half of the year, adding more capacity than any other U.S. market, according to Avison Young.
The region jumped from just over 100 megawatts to more than 800 MW in less than six months, transforming the capital city from a digital backwater into one of the nation’s most important infrastructure hubs.
But Richmond’s meteoric rise may be nearing its first real test.

Coworking Growth Stalls, But A Corporate Pivot Shows Promise

August 14, 2025 / no comments

The total number of U.S. coworking locations declined in the second quarter, the first time that has happened since at least 2023, according to CoworkingCafe. 
The sector has still opened more locations than it closed in 2025, but coworking operators have gone from expanding at breakneck speed to a snail’s pace. Growth has slowed, but there are early signs that rising demand from corporate clients could fuel coworking’s next leap forward.  
“We’ve already made up for the Q2 reduction in count alone in Q3, from what we’ve seen from openings,” said Peter Kolaczynski, the director of research at Yardi, which owns flexible space booking website CoworkingCafe…

Inland Empire Industrial Reaches A Crossroads As Leasing Shifts North

August 14, 2025 / no comments

When it comes to huge industrial spaces, the Inland Empire still reigns supreme, with big-name companies leasing up swaths of space that can top 1M SF. But overall, the desert market is a bit sluggish as it works its way through a backlog of inventory.
The market’s overall vacancy rate in the second quarter was 6.7%, a marginal increase over the first quarter and roughly in line with the same period last year, according to CBRE.
“We’re in a recovery phase,” CBRE Senior Managing Director Ian Britton said.