jacksonville FL

Industrial: The Northeast Florida Industrial Market continues to show improvement and recovery from the recent recession. Leasing momentum from the second half of 2012 influences the market in the near term with increased activity by occupiers leading to improved vacancies and stabilized rental rates. These trends should continue at a slow and steady pace throughout 2013.

Office: Incremental but steady consistent positive quarterly performance metrics characterized by the Jacksonville-area office market in 2013. Absorption and, to a lesser extent, vacancy figures showed healthy gains over the previous year, while rental rates remained essentially flat throughout all classes of office product. Class "A" office product concentrated in selected Southside and Downtown submarkets exhibited the strongest year-over-year performance measures, while higher vacancies in the Class "B" and "C" product continued to act as barriers to meaningful rental rate growth.

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JAX Graham Report Industrial 2013

JAX Graham Report Office 2013