Figures
Jacksonville Office Figures - Q2 2024
July 2, 2024 5 Minute Read
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- Total vacancy sits at 23.7%. Office vacancy rose 20 basis points quarter over quarter but is up 190 basis points compared to a year ago.
- According to Real Capital Analytics, the sale of investment-grade properties during the first half of 2024 totaled approximately $44.8 million across 382,002 sq. ft ($117.25 per sq. ft.) compared to $87.8 million across 760,588 sq. ft. ($115.39 per sq. ft.) during the same period in 2023.
- According to the Bureau of Labor Statistics, the unemployment rate in May was 3.0%, a 20 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. (4.0%).