Jacksonville office market reports

The Jacksonville office market demonstrated notable resilience in 2025. Available space appears to have peaked in 2023 at 6.9 million square feet, followed by declines in each of the subsequent two years. Despite this improvement in availability, pricing experienced a modest year-over-year decrease, suggesting that landlords continue to offer incentives to attract occupiers. From a leasing standpoint, total transaction volume declined year over year; however, overall leasing activity saw a slight uptick, indicating an increase in average deal size as occupiers gradually shift towards larger space commitments. Vacancy remains heavily concentrated within trophy-class assets, though the limited size of this inventory means fluctuations are likely to persist. Looking ahead, the Jacksonville office market is expected to maintain stability as it moves into 2026.