Raleigh-Durham shows rent growth and southeast rates boom

– Southeastern markets have shown promising rent growth figures over the past few years, and in Raleigh-Durham over the past 3 years rental rates have increased 31%.

– Like most other southeastern markets, available space is hard to come by in Raleigh-Durham due to very high demand and a lack of supply. In Q4 2023, industrial vacancy was at a low 4.3% and asking rental rates were at an all-time high in Raleigh-Durham.

– Although Raleigh-Durham lags behind the majority of markets including Charlotte in rent growth, the Raleigh-Durham market has still shown very strong rent growth in the past 3 years relative to past periods.