Jacksonville office market reports

Q1 2024

The unemployment rate in Jacksonville sits at 3.3% as of February 2024, up 20 basis points from the start of last quarter but still noticeably lower than the national unemployment rate of 3.9%. Office-related job postings saw a 27.3% increase since last quarter. This was driven by a 34.6% increase in the consulting, research, accounting, and recruiting sector, as well as a 22.9% increase in the banking, finance, insurance, and real estate sector.

330k sf

Leasing activity

The first quarter of 2024 showed softened leasing activity in Jacksonville, down 44.3% when compared to the first quarter of 2023.

98.7%

Available office space built before 2010

Almost all the available direct office space in Jacksonville is in buildings built prior to 2010, leaving few options for employers seeking new space.

27.2%

Availability rate

The overall availability rate in Jacksonville has hit its highest mark in the past seven years, up from 22.5% at the start of 2023.

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Get in-depth office market reports from commercial real estate experts in the Greater Jacksonville area. Avison Young advisors look at Jacksonville commercial real estate activities and the latest Jacksonville statistics to provide you expert market research on Jacksonville's office properties.

Explore different topics like the latest office market pricing trends and analysis of Jacksonville's current office real estate market conditions. Gain a better understanding of Jacksonville’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Jacksonville's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Jacksonville.