It’s the final quarter of 2023 and that means it is time for the real estate firm Cushman & Wakefield | Thalhimer to put out a regular set of “five fast facts” for each of the markets that it covers. That includes Charlottesville and I include what they’ve listed:
- The U.S. News and World Report has ranked the University of Virginia as the #5 public school in the United States and the #24 university overall. Of course, UVA is in a four-way tie for that ranking with Carnegie-Mellon University in Pittsburgh, Emory University in Atlanta, and Washington University in St. Louis, Missouri. (read the rankings)
- In July it was announced that Charlottesville-based nanotechnology company Laser Thermal would invest $2.9 million in its operations in the Ix Park to create 28 additional jobs. Learn more about what the company does in this August 2 story from UVA Today.
- Virginia Diodes will invest $2.5 million and create 24 new jobs. The company began in 1996 as a UVA spinoff and became independent in 2004. Learn more in this press release from the Virginia Economic Development Partnership.
- Ground has been broken for a 279-unit apartment complex in northern Albemarle to be called The Ridge at North Pointe. This is being developed by the Great Eastern Management Company according to a July 25 press release.
- The final fact is a broad one. “More than 2,000 multifamily units have been built since the start of 2020, expanding the total inventory by more than 16 percent.”
For information on other markets, visit the Cushman & Wakefield | Thalhimer website.
Before you go: The time to write and research of this article is covered by paid subscribers to Charlottesville Community Engagement. In fact, this particular installment comes from the October 3, 2023 edition of the program. To ensure this research can be sustained, please consider becoming a paid subscriber or contributing monthly through Patreon.
