Leasing activity remains steady with public sector, tech and financial services driving volume
Raleigh recorded 0.9 million square feet (msf) of office leasing activity in Q4 2025, modestly above the 0.8 msf leased one year earlier. Activity was led by a mix of technology, financial services and government users, reflecting continued movement across tenant types rather than a single dominant sector. Notable transactions included Pendo’s 106,127-square-foot (sf) restructure in the Downtown Raleigh submarket, Aspida Financial’s 89,690-sf relocation in the RTP/RDU submarket and multiple governmentrelated leases in the 6 Forks Falls of Neuse submarket. Several transactions involved relocations and restructures, underscoring ongoing portfolio optimization.