Outlook

Harborwright’s newsletter and national-report program — institutional analysis of U.S. real estate and economic trends, delivered on a regular cadence.

Latest Outlook

Also Recent

Featured Analysis

More from our recent publication schedule.

Full Archive

Browse All Issues

Filter by topic or scroll the full archive.

Data Centers

Virginia’s Spanberger Signs Into Law the First-in-Nation Data-Center Power Tax

Virginia enacted the country’s first per-kilowatt-hour data-center consumption tax — $0.011/kWh on all electricity, utility-supplied or behind-the-meter. Ge…

By Matt Hayes July 16, 2026

Data Centers

Governor Spanberger Delivers $73.5 Billion Data Center Investment

Stack Infrastructure’s $73.5B commitment to the Southern Virginia Megasite at Berry Hill — the largest private capital commitment ever made to a Virginia ru…

By Matt Hayes July 8, 2026

Economic Development

JetZero Breaks Ground in North Carolina: Investing $4.7B and Adding 14,500 Jobs

JetZero picked North Carolina for the largest job commitment in state history — $4.7B, 14,500 jobs, 12 months from site selection to shovel. The reason wasn…

By Matt Hayes June 26, 2026

Economic Development

Spatial Front Investing $6M and Creating 450 Jobs in Arlington

Spatial Front picked Crystal City because the cleared workforce lives there, the federal customer works there, and the cluster of comparable firms operates ther…

By Matt Hayes June 16, 2026

Economic Development

Why AstraZeneca Invested $4.5B in Virginia

AstraZeneca picked Virginia for its largest single-facility investment in 25 years — $4.5B, 3,600 jobs, 33 days from first meeting to public announcement. The…

By Matt Hayes June 9, 2026

Data Centers

Data Centers Lead Virginia’s Economic Growth

Virginia hit record output in 2024 while losing jobs in 9 of 11 supersectors. The economy is growing without the labor force growing — and Henrico County has …

By Matt Hayes May 26, 2026

Economic Development

Virginia Governor Launches Statewide Economic Development Tour

Governor Spanberger's statewide tour will sort Virginia's 133 EDOs into tiers. Here's the labor-market backdrop, the 5-region geography, and what each office ne…

By Matt Hayes May 19, 2026

Economic Development

Richmond city ran the third-largest housing deficit in Virginia

Richmond city ran the third-largest housing deficit in Virginia, with 14 years of under-permitting creating a 6,891-unit shortage that priced out the workforce …

By Matt Hayes May 12, 2026

Economic Development

Half of Virginia's growing jurisdictions fail a basic housing supply test

Half of Virginia’s growing jurisdictions are failing the basic housing supply test — permitting fewer homes than household growth requires. The gap is struc…

By Matt Hayes May 5, 2026

Insight

Henrico County is leading Virginia when it comes to issuing housing permits

THE PROBLEM Most of Virginia’s urban counties are running housing permit shortages against measured household growth where it matters most for the state’s w…

By Matt Hayes April 28, 2026

Insight

Half of Virginia renters can’t afford Virginia

Nearly half of Virginia’s renter households are cost-burdened and some communities are much higher than the state average. The math behind a 50% rent ratio. W…

By Matt Hayes April 28, 2026

Economic Development

Who Pays for Virginia’s Power? Electricity Costs, Data Centers, and the Fight Over the Grid

Part 2 of the Virginia Economic Intelligence Series. Housing costs tell one side of the story. Electricity is the other. The average Virginia household is proje…

By Matt Hayes April 17, 2026

Economic Development

Virginia Housing: Where We Are, What's Changing, and What Comes Next

Virginia housing affordability did not become a problem overnight. It was built over a decade of rising construction costs, lagging production, wage growth that…

By Matt Hayes April 16, 2026

Economic Development

The Economic Development Model Is Broken

Over the past four years, I have worked with EDOs across the U.S., Canada, and Europe on multi-generational decisions. The data they need exists, but the intell…

By Matt Hayes April 13, 2026

Data Centers

Data Centers Are a National Security Priority, but the Department of Homeland Security Ignores Them

Despite their essential role in storing and delivering digital services across sectors, data centers are not explicitly designated by the Department of Homeland…

By Matt Hayes October 20, 2025

Insight

Real Estate Doesn’t Produce Income, It Produces Expenses

Real estate is often described as a “passive income” asset, a phrase repeated endlessly in books, podcasts, and 'Mastermind' courses. But this narrative mis…

By Matt Hayes October 15, 2025

Industrial & Warehousing

Tariffs Surge Warehouse Demand in the Short-Term

On October 10, 2025, President Trump announced a sweeping new 100 % tariff on imports from China, stacking atop existing duties, effective November 1.¹ This un…

By Matt Hayes October 12, 2025

Hotels & Hospitality

Government Shutdown Costing Hotels $175 Per Room Weekly

The ongoing U.S. government shutdown is significantly impacting the hotel industry, with an estimated loss of $175 per room per week in revenue. This downturn i…

By Matt Hayes October 9, 2025

Economic Development

Why Economic Development Offices Need Better Market Intelligence

A national survey found that 64% of economic development offices (EDOs) struggle to access reliable data even as economic growth remains every mayor’s top pri…

By Matt Hayes October 6, 2025

Insight

The Four Levels of Real Estate Underwriting

Real estate underwriting isn’t about perfection, it’s about clarity. In this framework, I break down the underwriting process into four layers: the asset, t…

By Matt Hayes August 25, 2025

Services

About Harborwright

Resources