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Industrial: The Northeast Florida Market finished with key fundamentals moving in a positive direction.
In 2015 over $325 million in sales transactions (5.6 MSF) closed, the vacancy rate dropped marking a total reduction in vacant space by nearly 35% the past three years and rental rates continue to increase for the third consecutive year. The broad based recovery is anticipated to continue in 2016.
Office: Major market indicators for the Jacksonville Office Market continued a pattern of modest, but steady improvement in 2015, with overall leasing activity reaching levels not seen since before the recession. Absorption, resulting mainly from tenant expansions and intra-market relocation, was particularly strong in the Downtown and Southside submarkets. Rent growth, however, remained inconsistent and limited to the Butler/Baymeadows area.
Office building sales were vigorous within all office classes as investors and users sought to capitalize on low interest rates and hard asset yields.[/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_4″ last=”yes” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_size=”0px” border_color=”” border_style=”” padding=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ animation_offset=”” class=”” id=””][fusion_imageframe lightbox=”no” gallery_id=”” lightbox_image=”” style_type=”none” hover_type=”zoomin” bordercolor=”” bordersize=”0px” borderradius=”0″ stylecolor=”” align=”none” link=”https://www.grahamcompany.com/wp-content/uploads/2016/05/JAX_graham_report_industrial_2016.pdf” linktarget=”_blank” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″ animation_offset=”” hide_on_mobile=”no” class=”” id=””] 
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JAX Industrial Report – 6.19MB PDF
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JAX Office Report – 1.19MB PDF
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