Jacksonville office market reports
Q3 2025
Jacksonville’s office market showed strong performance in Q3 2025, recording nearly 150,000 square feet of positive net absorption. This activity led to a 50-basis-point decline in vacancy from the previous quarter. On the capital markets side, the area recorded $76 million in total transaction volume—an increase for the second consecutive quarter and the highest figure since Q2 2024. While total leased sf declined, the number of deals increased, suggesting the market remains active through a surplus of smaller deals. A total of 71 leases were executed this quarter, 15 more than Q3 2024. As of August 2025, Jacksonville’s unemployment rate stood at 4.6%, 30 basis points above the national average.
Leases
Despite a slowdown in aggregate leased sf, Jacksonville’s office market saw 71 total leases signed In Q3 2025.
Total sales volume
In Q3 2025, Jacksonville recorded $76M in total sales volume, proving to be the highest figure recorded since Q2 2024.
Vacancy
Jacksonville’s vacancy rate dropped 50 basis points quarter-over-quarter, posting a Q3 2025 figure of 20.6%.
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