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.