Read
Raleigh-Durham Industrial Figures Q4 2022
February 28, 2023 10 Minute Read
Looking for a PDF of this content?
In 2022, The Raleigh-Durham Industrial Market annual net absorption reached 4.1 million sq. ft. in 2022, up 92% over 2021.
‒Warehouse vacancy rose to 2.7% in Q4 2022, up 50 basis points for the quarter and 70 bps
year-over-year.
year-over-year.
‒Flex vacancy ended Q4 2022 at 8.4%, up 30 bps for the quarter and 10 bps year-over-year.
‒The average warehouse asking rental rate rose 29.7% year-over-year to $7.60 per sq. ft.
‒Projects totaling 4.3 million sq. ft. were constructed in 2022, with another 4 million sq. ft. underway and slated for delivery in 2023.