Shopping center property net absorption in Texas, U.S. 2020-2024, by market
Austin was the market responsible for the most shopping center real estate absorbed in Texas in the first quarter of 2024, amounting to about 249,220 square feet. The net absorption is calculated by subtracting the sum of square feet that became vacant from the sum of square feet that became occupied in a certain period of time. Overall, the market slowed in the second half of 2022, further falling below one million square feet in the second half of 2023. Nationwide, the net absorption turned negative in 2024.