Read

Raleigh-Durham Year End 2022 Retail Figures

February 28, 2023 10 Minute Read

Looking for a PDF of this content?

Download

‒Raleigh-Durham’s retail market recorded 504,472 sq. ft. of net absorption during the second half of 2022, bringing the annual total to 887,602 sq. ft.
‒Vacancy ended 2022 at 5.6%, down 70 basis points year-over-year.
‒Construction activity remains healthy at 514,986 sq. ft., with a majority of space concentrated in mixed-use, walkable environments.
‒Local retail property sales volume reached $741 million in 2022, the second-highest annual total on record.