Q2 2026 Greensboro/Winston-Salem Industrial Figures

Market Overview

Greensboro/Winston-Salem remained on solid footing in Q2 2026, registering 343,000 sq. ft. of positive net absorption. While demand moderated from the prior quarter's exceptionally strong performance, absorption was still 300% higher than one year ago. Market fundamentals continued to improve year-over-year as vacancy declined 190 basis points (bps) to 7.1%, while availability fell 110 bps over the same period.

Pricing and supply trends remain favorable, with average asking rents increasing to $6.63 per sq. ft. — up 1.4% quarter-over-quarter and 2.5% year-over-year. Meanwhile, the development pipeline expanded to 3.9 million sq. ft., up 1.8% from the previous quarter and 270% from a year ago. Deliveries totaled 300,000 sq. ft. during the quarter, bringing the four-quarter total to 1.2 million sq. ft..

Leasing activity was led by several notable transactions, including PLI Fabrication's 144,000-sq.-ft. commitment in Southwest Alamance, Stiles Machinery's 136,000-sq.-ft. lease in the Airport submarket, and Fortis Gypsum Supply’s 79,000-sq.-ft. deal in South Greensboro. Together, these leases accounted for 359,000 sq. ft. of new commitments, highlighting continued occupier demand.