Jacksonville office market reports

Q2 2024

The Jacksonville unemployment rate stood at 3.0% as of May, 30 basis points lower than last quarter and 100 basis points lower than the national average of 4.0%. Nonfarm employment is up 2.1% year-over-year, driven by a 4.7% increase in education and health services employment and a 3.8% increase in leisure and hospitality employment over that same time.
59.8%

Large block availabilities located in I-95/9A Corridor

58 of the 97 large block availabilities over 20,000 square feet in Jacksonville are located in the I-95/9A Corridor.

-22.8%

Average lease size

The average lease size in Jacksonville this year is 6,230 square feet, down 22.8% year-over-year.

-82k sf

Absorption

The Jacksonville office market witnessed its third consecutive quarter of negative absorption, bringing the year-to-date figure to -81,970 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.

The dashboard was delivered through AVANT by Avison Young: leveraging real-time data and analytics to make cities and location-based decisions more transparent and efficient. Learn more about AVANT.

Get the latest Jacksonville office market reports right in your inbox