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Jacksonville MarketBeat Reports

Chris Owen • 10/12/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

 

Learn more about our local markets and property types by clicking our most recent Jacksonville MarketBeat reports below.

 

Upon the arrival of COVID-19 in the U.S., the economy entered a recession in March 2020, recording the worst decline in post-war history in Q2 2020. Mounting evidence indicates that the recovery began in May or June with Q3 2020 data likely reflecting that. But, until there is a public health resolution to the pandemic, the recovery is likely to remain uncertain and gradual. Only then can households and businesses become more confident.

Current Marketbeats

Office MarketBeat Report
Q3 2020 Jacksonville Office Report

Jacksonville overall office vacancy ended the third quarter at 16.4%, an increase of 330 bps over last year. Class A space rose by 390 bps year-over-year (YOY) to 14.8% and Class B vacancy climbed by 310 bps to 18.6%. Suburban submarkets and the Central Business District (CBD) recorded significant vacancy increases, rising 300 bps and 360 bps, respectively. 

Jacksonville Office MarketBeat Q32020

Industrial MarketBeat Report
Q3 2020 Jacksonville Industrial Report

Third quarter new leasing activity in the Jacksonville industrial market totaled 2.5 msf, out of the 3.7 msf in activity YTD. The bulk of new leasing was in warehouse/distribution which accounted for over 96.0% of all activity.

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Featured Insights: Current U.S. MarketBeats

Q3 U.S. Office MarketBeat Report Card Image
MarketBeat • Office

Office Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Kenneth McCarthy • 10/14/2020
Q3 U.S. MarketBeat Industrial Report Web Card Image
MarketBeat • Industrial

Industrial Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Jason Tolliver • 10/8/2020
Q3 U.S. Retail MarketBeat Report Card Image
MarketBeat • Retail

Shopping Center Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Garrick Brown • 10/14/2020

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