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Jacksonville industrial growth follows population

  • ​JAXPORT has seen industrial inventory growth of 4.9 percent since 2015. While both Savannah and Charleston experienced inventory growth of 12.9 percent and 21.6 percent, respectively, Jacksonville is a substantially larger market with well-established industrial needs.
  • Jacksonville’s population rate has grown consistently at a compound rate of 1.6 percent, which has helped fuel industrial real estate growth in during cycle peaks.
  • The Jacksonville market only has 1,291,041 square feet under construction, less that both Savannah and Charleston in raw numbers, at 1,555,750 square feet and 5,106,071 square feet, respectively.​

Source: JLL Research​




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