Jacksonville Industrial Figures - Q2 2023

July 6, 2023 5 Minute Read

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  • Total vacancy sits at 5.8%, driven by new construction completions and subsequent 1.6 million sq. ft. of vacant space added to the market during Q2 2023.
  • According to RCA the sale of investment-grade properties during the first half of 2023 totaled approximately $184.6 million across 1.99 million sq. ft ($92.87 per sq. ft.) compared to $439.8 million across 4.7 million sq. ft. ($94.21 per sq. ft.) during the same period in 2022.
  • According to the Bureau of Labor Statistics, the unemployment rate in May was 2.7%, the same rate as the year ago period for Jacksonville. The rate is down from 10.8% in April 2020. The rate compares to Florida (2.6%) and the U.S. (3.7%).