Figures
Q4 2025 Raleigh-Durham Industrial Figures
January 21, 2026 15 Minute Read
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- Raleigh’s absorption totals remain positive, marking a second consecutive positive quarter. While absorption rates in Q4 mirror the market’s growth period pre-2020, low absorption in Q1 and Q2 offset the growth displayed in the past two quarters.
- Warehouse rents continued to rise to $10.32 alongside new construction deliveries. Class A properties drove most positive absorption, indicating strong tenant preference for higher-quality space despite higher rental rate levels.
- Construction activity accelerated, with 1.5 million sq. ft. delivered in Q4 and 4.2 million sq. ft. still underway. More than 90% of projects are slated for 2026 completion, projecting a near-term glut of supply.
- Tenant activity remains active, with a growing pipeline of 3.8 million sq. ft. of requirements and steady engagement from existing occupiers.