Q3 2023 Raleigh-Durham Retail MarketView
November 20, 2023 15 Minute Read
Market Report Highlights
‒ Raleigh-Durham’s retail market recorded 112,971 sq. ft. of net absorption during
Q3 2023, bringing the year-to-date total to 152,325 sq. ft.
‒ Vacancy ended Q3 2023 at 5.7%, down 10 basis points for the quarter and up 10
‒ Construction activity remains in line with demand, with 624,107 sq. ft. underway
in Q3. Most of the space is concentrated in mixed-use, walkable environments.