Figures
Jacksonville Office Figures - Q3 2024
October 2, 2024 5 Minute Read
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- Total vacancy sits at 23.4%. Office vacancy dropped 50 basis points quarter over quarter but is up 170 basis points compared to one year ago.
- According to Real Capital Analytics, the sale of investment-grade properties during the first nine months of 2024 totaled approximately $115.2 million across 1,503,738 sq. ft ($76.59 per sq. ft.) compared to $108.2 million across 936,036 sq. ft. ($115.57 per sq. ft.) during the same period in 2023.
- According to the Bureau of Labor Statistics, the unemployment rate in August was 3.7%, a 30 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. (4.2%).