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Industrial: Overall conditions in Jacksonville’s industrial market continue to improve despite mixed economic signals.
Employment and local business expansion has continued to grow at a steady pace, and the emergence of e-commerce has contributed to the demand for larger space and significant absorption. Positive trends in leasing activity and rent growth are providing a renewed focus from developmers and investors in the Jacksonville industrial market.
Office: The 2016 Jacksonville Office Market saw a continuation of prior years’ strength in terms of total and net absorption in all office classes. While some submarkets have experienced static growth, the Southside and Butler / Baymeadows submarkets in particular continue to show downward vacancy trends and increasing rate growth. With new construction at a standstill, lower vacancy rates and upward trending rental rates should continue.
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JAX Industrial Report – 3.71MB PDF
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JAX Office Report – 5.75MB PDF
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