Raleigh-Durham industrial real estate market reports
Q1 2025

Warehouse availability
Warehouse availability is at 3.8 msf, a 15% increase from 2024, amidst a large volume of deliveries.
Under construction
There is 5.4 msf under construction. While 15% higher than the 5-year average, this is the lowest point since Q4 2022.
Total vacancy
Total vacancy has risen 123 bps as of Q1 2025, due to large amounts of deliveries. With development slowing, expect this rate to flatten in the coming quarters.
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