Raleigh Industrial Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Colliers, CBRE, Lee & Associates, Cushman & Wakefield
Quarterly industrial market indicators for Raleigh, aggregated by CREhunt from Colliers, CBRE, Lee & Associates, Cushman & Wakefield. As of Q1 2026, average asking rent was $8.60/SF/yr and vacancy was 5.6%, per Colliers.
Projected current industrial pricing — Raleigh
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Colliers data (cap rate 8.0%, asking rent held flat). Assumes ~94% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Colliers | $8.60/SF/yr | 5.6% | 373K SF | — | Colliers |
| Q1 2026 CBRE | — | — | — | — | CBRE |
| Q4 2025 CBRE | $10.32/SF/yr | — | — | — | CBRE |
| Q4 2024 Colliers | $10.21/SF/yr | 7.4% | 679K SF | — | Colliers |
| Q3 2024 Lee & Associates | $12.20/SF/yr | 7.0% | 1.1M SF | — | Lee & Associates |
| Q1 2024 Colliers | $10.25/SF/yr | 5.1% | 293K SF | — | Colliers |
| Q1 2023 Colliers | $9.63/SF/yr | 2.7% | 567K SF | — | Colliers |
| Q4 2020 Colliers | $10.32/SF/yr | 1.5% | -243K SF | — | Colliers |
| Q4 2020 Cushman & Wakefield | $5.13/SF/yr | 4.6% | 496K SF | 5 SF | Cushman & Wakefield |
| Q3 2020 Colliers | $11.00/SF/yr | 0.5% | 338 SF | — | Colliers |
| Q2 2020 Cushman & Wakefield | $8.27/SF/yr | 6.1% | — | — | Cushman & Wakefield |
| Q1 2020 Cushman & Wakefield | $8.84/SF/yr | 5.6% | -302K SF | — | Cushman & Wakefield |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Raleigh industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Cary | $19.04/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Chapel Hill/Orange County | $9.41/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Eastern Wake County | $11.12/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Franklin County | $11.04/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Granville County | $7.14/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Johnston County | $13.18/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| North Durham | $10.76/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| RTP/I-40 Corridor | $13.63/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Six Forks/Falls of Neuse Road | $10.42/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| South Durham | $16.65/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southern Wake County | $10.90/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| US 1/Capital Boulevard | $16.24/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| US 1/Highway 64 West | $7.64/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| US 70/Glenwood Avenue | $15.81/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| West Raleigh | $18.45/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
Frequently asked questions
- What is the average asking rent for industrial space in Raleigh?
- As of Q1 2026, the average asking rent for industrial space in Raleigh was $8.60/SF/yr, per Colliers.
- What is the industrial vacancy rate in Raleigh?
- The industrial vacancy rate in Raleigh was 5.6% as of Q1 2026 (Colliers).
- Where does CREhunt's Raleigh market data come from?
- This report aggregates quarterly industrial market data for Raleigh from Colliers, CBRE, Lee & Associates, Cushman & Wakefield.