Jacksonville office market reports

Q3 2024

Jacksonville’s unemployment rate was 3.7% at the end of August, up 30 basis points year over year but still below the national average of 4.2%. Over the past year, nonfarm employment grew by 1.7%, driven by a 3.8% increase in the education and health services sector. Meanwhile, the financial activities sector saw a 2.9% decline.
-4.5%

Return-to-office rate

Jacksonville’s return-to-office rate is down 4.5% compared to last year’s total.

5,096 sf

Average lease size

The average office lease size this year has been 5,096 square feet, down 19% from last year’s average of 6,264 square feet.

87k sf

Absorption

Jacksonville saw positive quarterly net absorption for the first time in a year at +87,000 square feet.

Your source for the latest Jacksonville office market reports

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.

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