Downtown Blacksburg Housing Development Strategies

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The Town of Blacksburg and the Blacksburg Baptist Church commissioned Development Strategies to develop a downtown housing market strategy. The purpose of this strategy is to better understand what housing demand exists for downtown and the types of products that must be offered to capture this market demand, with a focus on non-student housing. The study considers site context, marketability opportunities and constraints, socio-economic trends and characteristics, the performance of peer cities, competitive supply, and demand and market segmentation; these analyses result in conclusions about future resident characteristics, the products that they will demand, and the likely market performance and rate at which the development can occur. The study will assist in providing future direction to downtown housing development in conjunction with other types of uses.

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Downtown Blacksburg Housing Market Development Strategies (8mb pdf)
Appendices Downtown Blacksburg Housing Market Development Strategies (2.3mb pdf)

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