Figures
Jacksonville Industrial Figures - Q3 2024
October 2, 2024 5 Minute Read
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- Total vacancy sits at 5.5%. Vacancy rose 60 bps compared to Q3 2023 due to construction completions totaling 1.1 million sq. ft. during Q3 2024 with 745,635 sq. ft. vacant.
- According to RCA, the sale of investment-grade properties during the first nine months of 2024 totaled approximately $726.3 million across 6.5 million sq. ft ($112.3 per sq. ft.) compared to $717.1 million across 7.3 million sq. ft. ($98.53 per sq. ft.) during the same period in 2023.
- According to the Bureau of Labor Statistics, the unemployment rate in August was 3.7%, a 30 basis point increase compared to a year ago for Jacksonville. The rate is down from 10.8% in April 2020. The rate compares to Florida (3.3%) and the U.S. (4.2%).