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Office Insight

United States | Jacksonville, FL

Report | Jacksonville Office Insight - Q3 2015

Summary

Both the Jacksonville CBD and Butler Boulevard submarkets are experiencing record low vacancy rates. The Southside submarket is currently at a post-recession low, not having experienced vacancy rates at current levels since the third quarter of 2008. 

Vacancy rates are expected to decline into 2016 due to a lack of new construction and asking rates low for quality space, relative to other markets in Florida and the Southeast. This makes Jacksonville an attractive area for new companies looking to expand their footprint into new markets. 

Learn more about what’s happening—and what we expect to occur in the coming months—in the Jacksonville office market.

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