Raleigh-Durham retail market reports
2025 Q4 highlights and trends
TThe Raleigh-Durham retail market delivered a strong performance in FY 2025, supported by resilient demand and expanding investment activity. Vacancy remained below 3% despite a growing construction pipeline, highlighting the market’s healthy absorption and rent growth. In line with these positive fundamentals, development activity accelerated, up 34% YoY and investment sales volume grew 11%.
Under construction
Retail product under construction has reached its highest point since 2021, up 34% from FY 2024.
Vacancy rate
Vacancy across Raleigh-Durham’s retail market hit 2.8% at year-end. While vacancy fluctuated in 2025, it remained stable from Q4 2024.
Asking rent
Market asking rent reached $28.84 in Q4 2025. YoY growth rate jumped 1.4% from Q4 2024..
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