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Virginia Beach-Norfolk-Newport News, Virginia-North Carolina 2025 existing home sale counts year-over-year: 23.4% 2025 existing home median sale price year-over-year: 6.6%
Real estate, defense, and tourism are major sectors of the Virginia Beach economy. Many local public and private groups have maintained a vested interest in real-estate redevelopment, resulting in a number of joint public-private projects, such as commercial parks.
The Virginia Beach Town Center has commercial space, living space, hotels, dining, shopping and entertainment. Major commercial tenants in Town Center include Armada Hoffler, HBA Architects, Troutman Sanders, Clark Nexsen, Divaris Real Estate.
Cedar Realty Trust, Inc. is a real estate investment trust that invests in shopping centers.It is a subsidiary of Wheeler Real Estate Investment Trust. As of December 31, 2022, the company owned 19 properties with 2.9 million square feet of leasable space primarily in the Northeastern United States, including 7 properties in Pennsylvania.
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West Virginia John Denver sang about West Virginia for many reasons — and property tax rates should have been one of them. The Mountain State has an average property tax rate of 0.57%.