Figures
Jacksonville Office Figures - Q4 2023
January 5, 2024 5 Minute Read
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- Total vacancy sits at 22.2%. Vacating and downsizing by Aetna, Genpact, Computershare, Wells Fargo and Kemper Insurance caused vacancy to rise 50 basis points compared to year-end 2022.
- According to Real Capital Analytics, the sale of investment-grade properties during 2023 totaled approximately $122.5 million across 1,008,369 sq. ft ($121.46 per sq. ft.) compared to $458.7 million across 3,051,423 sq. ft. ($150.33 per sq. ft.) during the same period in 2022.
- According to the Bureau of Labor Statistics, the unemployment rate in November was 3.0%, a 50 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 (2.9%) and the U.S. (3.7%).