Market Highlights

• Overall vacancy decreased by 160 basis points year over year to 23.1% from 24.7% in Q2 2025. Total available space also declined by 1.3 million square feet to 3.3 msf, reflecting continued market absorption.
• AbbVie selected Durham for its new 185-acre pharmaceutical manufacturing campus, representing a $1.4-billion investment that ranks among the Triangle's largest announced life sciences manufacturing projects since 2021.
• Research Triangle Park (RTP) has launched RTP 3.0, updating land-use policies to allow mixed-use, residential and higher-density development to better attract life sciences and technology companies.

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