Figures
Jacksonville Industrial Figures - Q4 2024
January 6, 2025 5 Minute Read
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- Total vacancy sits at 6.5%. Vacancy rose 160 bps compared to Q4 2023 due to construction completions totaling 3.9 million sq. ft during 2024 with 2.7 million sq. ft. vacant.
- According to RCA, the sale of investment-grade properties during 2024 totaled approximately $1.08 billion across 10.7 million sq. ft ($100.60 per sq. ft.) compared to $717.1 million across 7.3 million sq. ft. ($98.87 per sq. ft.) during the same period in 2023.
- According to the Bureau of Labor Statistics, the unemployment rate in November was 3.6%, a 50 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 (3.4%) and the U.S. (4.2%).