Industrial development demands are shifting in Jacksonville

graph of Jacksonville industrial pipeline by subtype from 2018 to 2023
  • In Jacksonville, developers are undergoing a transition of their building types, shifting away from a predominant emphasis on distribution-style facilities to a greater adoption of general warehouse facilities. Distribution facilities made up 88% or more of the development pipeline in the period between 2019 and 2021; however, over the past two years, the volume has decreased to consisting of 61% of the total pipeline activity.
  • The demand for general warehouse space has experienced robust growth since the onset of the pandemic, increasing by 12% from 2022, with a total development pipeline of 1.9 million square feet expected to deliver by the end of 2023.

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US-FL-JAX Jacksonville