Raleigh-Durham Industrial Q2 2026

The warehouse sector posted 1.2 million sq. ft. of positive absorption, with more than 90% of absorption concentrated in Class A properties, underscoring tenant preference for modern industrial product. Warehouse vacancy rates decreased due to a high absorption concentrated in new construction deliveries: a confidential tenant moving into new construction at US1 North Commerce Center, Vulcan acquiring a newly delivered site in Johnston County, and Morinaga moving into their newly completed facility in Orange County. Separately, flex properties recorded 114,000 sq. ft. of positive absorption, led by Class A space which accounted for 87,000 sq. ft. of net occupancy gains.