Jacksonville industrial insight - Q2 2018

Speculative development is finally under way in the Northside and Westside submarkets. Webb International has started construction on a 140,000-square-foot building expandable to 322,920 square feet. Jackson-Shaw has started construction on the 200,000-square-foot Tradeport5 building, while Pattillo continues with a 274,000-square-foot development. While these projects will provide options for tenants with a short timeline to lease expiration, Tradeport3 and 4 were leased less than six months after breaking ground. More development may be necessary within two quarters or less.

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