Jacksonville Industrial Figures - Q2 2026

The industrial market in Q2 2026 recorded notable changes in fundamentals. Net absorption improved by 842,000 sq. ft. quarter-over-quarter. It was 538,000 sq. ft. higher than in Q2 2025. Vacancy stood at 10.9%. Vacancy decreased by 40 bps quarter-over-quarter. Vacancy was 260 bps higher than a year earlier. Availability decreased by 70 bps quarter-over-quarter. Availability was 140 bps higher than in Q2 2025. Average asking rents rose by 0.9% quarter-over-quarter. They increased by 0.5% year-over-year.

Since Q2 2023, average asking rents increased by 25.5%. Over the same period, vacancy rose by 510 bps. The construction pipeline contracted by 3.2 million sq. ft. relative to Q2 2023. New leasing in the current quarter included a 1.1 million sq. ft. commitment by a confidential tenant in the Northside submarket. In the Westside submarket, Trane leased 604,000 sq. ft. Stellar Group added a 120,000 sq. ft. transaction. These three deals totaled 1.8 million sq. ft. of new commitments.