Jacksonville Office Figures - Q2 2026

Net absorption in the latest quarter was negative 15,000 sq. ft. This represented a quarter-over-quarter decline of 415,000 sq. ft. Year-to-date net absorption reached 385,000 sq. ft. Vacancy rose by 10 basis points on a quarter-over-quarter basis. The vacancy rate was 23.7% at the end of the quarter. Compared with the same period a year earlier, vacancy declined by 140 basis points. From Q2 2023, vacancy increased by 180 basis points. Availability declined by 80 basis points quarter-over-quarter. The availability rate stood at 25.8%.

Average asking rents increased by 3.1% compared Q2 2023. On a year-over-year basis, average asking rents rose by 1.8%. Rents edged down slightly on a quarter-over-quarter basis. Earlier in the year the market recorded a new delivery of 125,000 sq. ft. By the end Q1 2026, 45,000 sq. ft. remained under construction. Atlantic Logistics signed a 12,000 sq. ft. lease. The lease was in the I-95 Corridor submarket. A confidential tenant committed to 12,000 sq. ft. in Downtown Jacksonville. These sample transactions totaled 24,000 sq. ft.