Jacksonville office market reports
Q1 2025
Jacksonville’s office market kicked off 2025 with strong momentum, marked by a surge in both leasing activity and deal velocity. A major catalyst for this increase was Haskell's 138,900-square-foot (sf) deal at 701 San Marco Blvd. More than 75% of total first quarter leasing activity transacted in trophy and class A properties, indicating demand is still high for premium space. A positive net absorption of 122,000 sf drove rents upward, signaling Jacksonville’s office market is positioned for a strong 2025.
Leasing activity in top-tier space
Trophy and class A space in Jacksonville noted a significant quarter-over-quarter increase in their share of total leasing activity.
Average rents
Rents in Jacksonville exhibited a minor increase of $0.10 comparing Q1 2025 to the previous quarter.
Signed leases
85 leases were signed in Q1 2025, totaling nearly 475,000 sf of aggregate leasing activity, an increase of 194,000 sf from Q4 2024.
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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.
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