Figure

San Antonio Retail Figures Q3 2023

November 21, 2023 5 Minute Read

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  • Overall market demand slowed down but remained positive with roughly 30,000 sq. ft. of net absorption in Q3 2023.
  • Market-wide occupancy ticked up slightly to 96.0% in Q3 2023, up 10 basis points (bps) from the previous quarter.
  • Quarter-over-quarter employment in the leisure and hospitality sector decreased by 4.4%, yet it still showed a year-over-year increase of 3.1%.
  • Deliveries tapered off with only four projects totaling 64,061 sq. ft. delivering in Q3 2023.