Figures
Jacksonville Office Figures - Q1 2024
April 5, 2024 5 Minute Read
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- Total vacancy sits at 22.8%. Office vacancy remained the same compared to year-end 2023 but increased 110 basis points compared to first quarter 2023.
- According to Real Capital Analytics, the sale of investment-grade properties during first quarter 2024 totaled approximately $5.6 million across 51,544 sq. ft ($108.42 per sq. ft.) compared to $10.2 million across 70,977 sq. ft. ($143.09 per sq. ft.) during the same period in 2023.
- According to the Bureau of Labor Statistics, the unemployment rate in February was 3.3%, an 80 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 (3.1%) and the U.S. (3.9%).