The Virginia Bankers Association and the Virginia Chamber of Commerce partner each year for the Financial Forecast, the premier event of its kind, attracting hundreds of members of the business community at the first of the year to learn what lies ahead for the state and national economy.

PURCHASE AN Individual Registration here!

Location & Time

Greater Richmond Convention Center
403 N 3rd St.
Richmond, VA 23219

Registration will open at 11:30 a.m. and the 2025 Financial Forecast will begin at 12:00 p.m.

Agenda

11:30 a.m. Registration & Check-in

12:00 p.m. Welcome

12:05 p.m. Lunch

12:40 p.m. Economic Outlook Thomas I. Barkin, President & CEO | Federal Reserve Bank of Richmond

1:20 p.m. Virginia Commercial Real Estate 2025 Outlook Melina Duggal, AICP, Senior Director of Market Analytics | CoStar Group

In this session, we will explore commercial real estate fundamentals in Virginia and some of the state’s key markets. After reviewing 2024 performance, we will dive into the outlook for 2025 for office, industrial, retail, and multifamily. Finally, we will discuss commercial real estate sales and investment trends.

1:55 p.m. Closing Remarks

2:00 p.m. Event Adjourns

Meet the Speakers

Thomas I. Barkin, President & CEO
Federal Reserve Bank of Richmond

Tom Barkin is the president and CEO of the Federal Reserve Bank of Richmond. He has held this position since 2018.

Tom serves as a voting member on the Fed’s chief monetary policy body, the Federal Open Market Committee, and is also responsible for bank supervision and the Federal Reserve’s technology organization. He is “on the ground” continually in the Fed’s Fifth District, which covers South Carolina, North Carolina, Virginia, D.C., West Virginia and Maryland. His engagement in the region has brought real attention to areas facing economic challenges.

Prior to joining the Richmond Fed, Tom was a senior partner and CFO at McKinsey & Company, a worldwide management consulting firm, where he also oversaw McKinsey’s offices in the southern United States.

Melina Duggal, AICP, Senior Director of Market Analytics
CoStar Group

Melina Duggal, AICP, is the Senior Director of Market Analytics for the Washington, D.C. and Baltimore regions. She teaches real estate market analytics at the Ross School of Business at the University of Michigan. She has over 25 years of experience in the real estate industry. She most recently ran Duggal Real Estate Advisors, a real estate advisory firm, and taught real estate classes at the University of Maryland and George Mason University. Before that, she worked with RCLCO, a real estate consulting firm.

Melina has presented at numerous industry events, including for the Urban Land Institute (ULI), Commercial Real Estate Women (CREW), the National Association of Homebuilders (NAHB), and the American Planning Association (APA). She has published numerous articles and is a contributing author for real estate books. She has been quoted in The New York Times, Urban Land, The Wall Street Journal, and the Orlando Sentinel, among other media outlets. Melina earned a bachelor’s degree in anthropology and Spanish and a master’s degree in Urban Planning from the University of Michigan.

Individual Registrations

Purchase an individual registration here!

VBA Members & Non-Members: $105

Cancellation Policy – Individual Registrations

Registrations may be transferred to another attendee at any time.  Cancellations will be fully refunded through January 2nd.  From January 3-9, 2025 refunds will not be issued. 

Become a Sponsor for the 2025 Financial Forecast!

The 2025 Financial Forecast has five sponsor packages available to accommodate businesses of all sizes!  Check out the packages below and contact Kristen Reid at the VBA with questions or to secure a sponsorship. 

Gold Sponsor – $5,000	Exclusive listing as a Gold Sponsor on all promotional materials, event materials and on the event website. Three tables (30 seats) at the event Recognition and thanks at the podium
Silver Sponsor – $3,000	Exclusive listing as a Silver Sponsor on all promotional materials, event materials and on the event website. Two tables (20 seats) at the event Recognition and thanks at the podium
Patron Sponsor – $1,000	Exclusive listing as a Patron Sponsor on all promotional materials, event materials and on the event website. One table (10 seats) at the event Recognition and thanks at the podium
Co-Patron Sponsor – $750	Exclusive listing as a Co-Patron Sponsor on all promotional materials, event materials and on the event website. Shared table (5 seats) at the event Recognition and thanks at the podium

Contact Kristen Reid for more information about Financial Forecast sponsorship opportunities. 

Thank You to the 2025 Sponsors!