Figures
Jacksonville Industrial Figures - Q1 2025
April 7, 2025 5 Minute Read
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- Total vacancy sits at 6.9%. Vacancy rose 180 bps compared to Q1 2024 due to construction completions totaling 4.3 million sq. ft since 2024 with 2.7 million sq. ft. vacant.
- According to RCA, the sale of investment-grade properties during first quarter 2025 totaled approximately $32.9 million across 357,281 sq. ft ($92.05 per sq. ft.) compared to $31.9 million across 361,929 sq. ft. ($88.11 per sq. ft.) during the same period in 2024.
- According to the Bureau of Labor Statistics, the unemployment rate in February was 3.8%, a 60 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 (3.6%) and the U.S. (4.1%).