A deep dive into availability rates across Raleigh-Durham’s major submarkets

– While the average availability rate across Raleigh-Durham's largest submarkets is 22.5%, this figure is largely influenced by the significantly higher rates in Southern Wake County W and the I-40/RTP corridors, which skew the market average upwards.

– The Cary submarket is outperforming surrounding areas, with a notably low 15.4% availability rate, driven by a strong net absorption of 500k sf since the COVID-19 pandemic.

– I-40/RTP, West Raleigh, and Cary all show a promising future, as they have been experiencing a downward trend in availability rates since the end of Q2 2024.