About Hickory Point Townhomes
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Hickory Point – a well-maintained complex of 175 townhouse-style apartments located in Newport News, one of the fastest-growing and most desirable submarkets within the Hamptons Roads region. Hampton Roads, and Newport News in particular, has experienced a sustained period of economic, population, and employment growth borne out of significant government and government-related investment in the region. Moreover, the Newport News apartment market remains fundamentally strong with 14.7% year-over-over rent growth, vacancy at 3.0%, and concessions well below their long-term averages. The combination of Hickory Point’s access to employment, transportation nodes, and convenient retail makes it prime for rental upside and investment potential.