Figures

Jacksonville Office Figures - Q2 2025

July 3, 2025 5 Minute Read

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  • The quarter closed with an overall vacancy rate of 24.3%, rising 40 basis points year over year.
  • According to Real Capital Analytics, the sale of investment-grade properties during the first half of 2025 totaled approximately $144.5 million across 1,594,323 sq. ft ($90.65 per sq. ft.) compared to $96.5 million across 1,293,791 sq. ft. ($74.62 per sq. ft.) during the same period in 2024.
  • According to the Bureau of Labor Statistics, the unemployment rate in May was 3.6%, a 40 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 (3.7%) and the U.S. (4.2%).