Chatham County experiences massive industrial rent growth in Raleigh-Durham

– Chatham County is experiencing by far the most industrial rent growth in Raleigh-Durham as major occupiers such as FedEx, 3M, and Mountain Power Systems have occupied industrial space in Chatham county since 2021 increasing its desirability to potential tenants.

– Overall industrial NNN rates remain highest in I-40/RTP at $14.03 psf due the submarket's prime location for nearly all industrial uses and its convenient access to talent from the 3 world class universities that make up the research triangle. I-40/RTP has also experienced high rent growth of 85.4% since 2021.

– Rent growth is likely to remain strong for Raleigh-Durham industrial property in all submarkets as vacancy remains low and occupiers continue to move in.