2019 Jacksonville Industrial Overview

The Year in Review highlights Jacksonville's 2019 performance in industrial leasing, construction, sales and port activity.

Jacksonville is one of the fastest growing cities in the country—the port and economic development drove the industrial market last year.

Key Highlights

  • Leasing activity was up 3.9% and direction absorption 2.8%
  • There was 4.2 MSF of completed construction and 2.8 MSF is currently under construction
  • Westside accounts for nearly half of warehouse inventory in the area
  • Jaxport’s capacity is 1.3+ TEUs annually and handled 10.9 million tons of cargo

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2020 North American Industrial Outloook
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The forecast for North American industrial absorption in 2020-2021 is a healthy 459.9 msf.

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