Skip to main content Skip to footer

Virginia Industrial & Logistics Market Report | H2 2020

Download Report
AdobeStock_149710063

Record year for VIL despite COVID-19 disruptions

Market Overview:

Virginia's Industrial and Logistics (VIL) inventory consists of over 159 million square feet spread over three core markets. The Port of Virginia (POV), currently the third-largest container port on the East Coast, provides a convenient and efficient connection between the eastern regions of the United States and the global supply chain.

Outlook:

Virginia's Industrial market fundamentals have remained strong throughout 2020 despite the COVID-19 pandemic disrupting the global supply chain. Although activity stalled briefly during Q2 as tenants evaluated how the pandemic would impact the market, 2020 produced record numbers for VIL vacancy rates, average asking rentals, deliveries, as well as 12-month net absorption. With the continued growth in demand for large requirements, momentum is likely to continue into the new year. 


h22020VIL

Virginia Industrial & Logistics Market Report | H2 2020

Download Report
Related Experts

Komail Khaja

Director - Research

Richmond - North

Komail is the Director of Research for Central and Southeast Virginia.  He joined Colliers | Virginia in January of 2019.

Komail oversees research operations throughout the region, manages the Research Analysts in the company, and supports all the company’s brokers primarily in the Richmond and Norfolk offices.  He began his real estate career in 2014 as a Real Estate Services Manager for the Fairfax County Economic Development Authority and then moved to CBRE as a Business Research/Data Intelligence Analyst/  He provides valuable customized research data which includes market trends, lease and sale comparables, GIS mapping, economic information and more.  In addition, he is also responsible for quarterly market reports, maintenance of the company research database, and tracking notable news/patterns pertaining to the local real estate market.

His foundations are in Geographic Information Systems (GIS), data visualization, urban planning, demographics, and business development. 

Komail understands the needs of clients and works to deliver top-notch market research and analysis to help our sales professionals deliver the best service to their clients so they can make the most informed decisions on their real estate needs.

View expert

Robert Stockhausen

Managing Director

Charlottesville

With extensive experience in the commercial real estate industry, Rob Stockhausen is among the most knowledgeable brokers in the Central Virginia marketplace. His market expertise and approachable personality continually attracts top clients, expanding his networking base.

Rob specializes in the sale and leasing of industrial/investment properties, as well as commercial land sales in the Central/Western and Southern Virginia marketplace.

As managing director of the Charlottesville office for more than twelve years, he has developed a team of bright professionals and leads them to success each year. Under his leadership, the firm dominates the local commercial real estate market.

Prior to becoming managing director and supervising broker of the Charlottesville office in July of 2006, he worked for Real Estate III Commercial Properties, Inc. At that time, he spearheaded the development of Zion Crossroads Industrial Park. Rob’s career began in 1991 at Bullock, Terrell and Manelley (BTM) in Atlanta, Georgia, where he handled commercial leasing from both a tenant and landlord perspective. He has worked within commercial brokerage and/or private investments ever since.

 

View expert

Grant Bates

Vice President

Charlottesville

I  joined the Charlottesville office in 2018 as a Vice President. I was born in Central Virginia and raised in Albemarle County. Being raised in Central Virginia gives me an extensive knowledge of the real estate market here and allows me to find the perfect location for my clients.

My diverse assignments include manufacturing facilities, mixed office and industrial flex properties, build-to-suit projects, and the full range of warehouse and distribution requirements. I have also represented clients with out-of-market distribution / logistics ventures and have a solid understanding of multi-faceted elements required. I approach each assignment with diligence and a bottom-line mindset – determined to optimize the value of clients’ real estate transactions.

My territory  stretches along the Interstate 81 corridor, covering Central Virginia , The Shenandoah Valley and Southwest Virginia. My large territory allows me to have a regional understanding of the current state of the industrial real estate market.

View expert