Q4 2024 Raleigh-Durham Retail Figures

‒ Raleigh-Durham’s retail market recorded 289,586 sq. ft. of net absorption during Q4 2024, bringing the year-to-date total to 737,091 sq. ft.

‒ Vacancy ended Q4 at 4.8%, down 40 basis points for the quarter and 70 bps year-over-year.

‒ Construction deliveries added 212,600 sq. ft. to inventory in Q4, with 85% of the space leased upon completion. Of the 373,586 sq. ft. still underway, 57% has been reported as leased.

‒Six Forks Road and Southern Wake witnessed the strongest absorption of the quarter thanks to healthy take up of space in newly delivered mixed-use projects