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Jacksonville Office Figures - Q2 2023

July 6, 2023 5 Minute Read

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  • Total vacancy sits at 21.5%. Occupancies by Geico Insurance, Magellan Transport and Lincoln Memorial University dropped vacancy 30 basis points compared to year-end 2022.
  • According to Real Capital Analytics, the sale of investment-grade properties during the first half of 2023 totaled approximately $47.2 million across 463,834 sq. ft ($101.67 per sq. ft.) compared to $80.6 million across 809,104 sq. ft. ($99.64 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%).