Jacksonville Office MarketView Q4 2020

Total vacancy sits at 15.9%, driven by LogisticareSolutions, Circle K and Vesta Property Services occupying Q4 2020.

The sale of investment-grade properties in 2020 totaled approximately $459.6 million across 3.2 million sq. ft. compared to $587.2 million across 4.6 million sq. ft. in 2019.

According to the Bureau of Labor Statistics, the unemployment rate in October was 5.0%, a 220 bpsincrease year-over-year for Jacksonville. The rate is down from 11.2% in April 2020.