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Mid-Year 2023 Raleigh-Durham Retail MarketView
August 23, 2023 15 Minute Read
![Mid-Year Raleigh Retail Snapshot](https://mediaassets.cbre.com/-/media/cbre/media/files/sprinklr/mid-year raleigh retail snapshot.png)
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Market Report Highlights:
- Raleigh-Durham's retail market recorded 39,354 sq. ft. net absorption during the first half of 2023, bringing the trailing-12-month total to 543,826 sq. ft.
- Vacancy ended Q2 2023 at 5.8%, up 20 basis points since year-end 2022 but still down 90 bps year-over-year.
- Construction activity held relatively steady at 521,109 sq. ft., with a majority of space concentrated in mixed-use, walkable environments.