Industrial and logistics real estate net absorption in the U.S. 2023, by market

Published by Statista Research Department, Apr 30, 2024

The absorption rate of industrial property in the two markets with the most inventory in the United States exceeded 34 million square feet in 2023. Houston, TX - the market with the sixth-largest inventory in the country - led the ranking with net absorption rate of almost 24.4 million square feet. Net absorption refers to the net change in occupied space over a given period of time, calculated by summing all the positive changes in occupancy (move ins) and subtracting all the negative changes in occupancy (move outs).

Absorption rate of industrial and logistics real estate in the United States in 2023, by market (in million square feet)

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Release date

January 2024

Region

United States

Survey time period

2023

Special properties

30 markets with the largest industrial real estate inventory

Supplementary notes

Calculated by Statista based on the quarterly figures provided by the source.

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