Warehouse Trends and Outlook

Each year, our industry experts evaluate and review the Raleigh, Durham, and greater Triangle commercial real estate market’s annual performance. We share activity and trends from the market data we analyzed and experienced in 2024 to activities we anticipate in 2025.

What are the key market drivers? How have the different real estate sectors performed?

In this segment, we interviewed Ed Brown, CCIM, SIOR, Executive Vice President to share his thoughts on warehouse trends.

To learn more about other property types click on office, land, flex, investment sales, and retail.

What was unique about 2024? And were there any milestones for this property type?

Inquires, showings and deal volume started to noticeably slow in the second half of 2024. New submarkets have been established with Beacon’s success west of Apex and Summit’s in Youngsville.

Who were the big “winners” in this property type?

Sellers achieving sub 5% cap rates and a lot is due to investors just wanting a position in our growing local economy.

Do you see any new emerging trends? Where do you see growth occurring?

Apex to Lake Jordan and Johnston County

What do you anticipate for 2025?

Business in general is moving forward cautiously due to the uncertainty of tariffs.

Where do you see opportunities in your property type for Raleigh, Durham, and the greater Triangle?

Those who can offer the most competitive rental rates will capture the opportunities.

In our market, what challenges are there in this property type?

The slowdown in leasing activity; weakness amongst life science sector.

What factors are you seeing drive CRE decisions in this property type?

If we can work through the tariff uncertainty, I think business will start to feel more comfortable to start to expand again.

What do you love about working with this property type?

Industrial has been an active segment of the market and we have been fortunate to participate.

As you look ahead, planning your CRE goals for 2024, let our real estate advisors help guide you with insider market knowledge and experience.

Contact info for all our professionals can be found at
https://www.triprop.com/about/team/

Access our full market reports here
https://www.triprop.com/category/market-reports/

2024 Triangle Market Overview and 2025 Forecast: WAREHOUSE