Investment activity in Jacksonville follows national trend with significant decline

graph of sales volume by commercial real estate asset type in Jacksonville from 2013 to 2023
  • Following the national trend, Jacksonville has experienced a notable decline in investment activity due to factors such as rising interest rates, capital availability, and the expansion of cap rates.
  • Amid economic uncertainty, investors are redirecting their capital from traditionally strong-performing assets like office buildings to more resilient options such as industrial and multifamily properties.
  • With the midpoint of 2023 approaching, multifamily and industrial assets dominate Jacksonville's investment activity, amounting to 80% of the total volume. However, the year-to-date investment total stands at $491 million, representing only 11% of the total volume achieved in 2022.

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