The state capital, Richmond, has key industries in financial, medical, and business startups. With over 600 companies specializing in real estate services, Richmond is an attractive area for commercial and residential development sites near these thriving sectors.
Blacksburg is home to Virginia Tech, creating consistent demands for students renting housing properties near campus.
Lastly, Virginia Beach is a tourism destination for beach house rentals and outdoor recreational activities. Virginia Beach also offers incentives for startups designed to provide opportunities to grow and scale early-stage businesses locally.
Virginia has over 8 million residents with an average real estate price of $344,546. Due to its relatively lower property pricing than other states, Virginia is a sought-after location for real estate investments because of its reduced upfront costs.
The Old Dominion State is also known for its coastal and mountain landscapes, creating opportunities for vacation rentals and outdoor recreational businesses.
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