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Triangle industrial vacancy rates at highest level since 2015, but worst may be over

While absorption rates for industrial real estate in the Triangle remain steadily positive, vacancy rates in the region rose noticeably during the third quarter of 2023, according to the most recent report by CBRE|Raleigh. Delivery of new properties to the market pushed overall vacancy to 5.3 percent, the region’s highest since 2015. But the worst may be over.

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