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Jacksonville Industrial Figures - Q3 2023
October 12, 2023 5 Minute Read
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- Total vacancy sits at 4.3%. Occupancies by Total Distribution, GenPlant, Ipex North America, Geodis, JZ Expedited and US Autoforce dropped vacancy 130 bps compared to Q2 2023.
- According to RCA the sale of investment-grade properties through third quarter of 2023 totaled approximately $515.2 million across 5.6 million sq. ft ($92.45 per sq. ft.) compared to $643.8 million across 7.7 million sq. ft. ($83.93 per sq. ft.) during the same period in 2022.
- According to the Bureau of Labor Statistics, the unemployment rate in August was 3.2%, a 20 basis point increase compared to the year ago period for Jacksonville. The rate is down from 10.8% in April 2020. The rate compares to Florida (2.7%) and the U.S. (3.8%).