2021 Q4 Raleigh Industrial Market Report

Raleigh Industrial Q4 2021 Market Overview

Raleigh has continued to experience strong demand for industrial product (both from traditional industrial occupiers along with life science companies) in a limited supply environment. Net absorption in Q4 2021 was 680,425 SF along with deliveries of 173,157 SF. The net result is a very challenging environment for occupiers from both availability (2.4% vacancy) and cost (up 9% since Q4 2020) perspectives. Rising fuel costs and labor shortages are additional factors through which industrial users are having to navigate.