Figures
Jacksonville Office Figures - Q1 2025
April 7, 2025 5 Minute Read
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- The quarter closed with an overall vacancy rate of 24.6%, rising 80 basis points year over year.
- According to Real Capital Analytics, the sale of investment-grade properties during first quarter 2025 totaled approximately $75.3 million across 1,194,780 sq. ft ($63.03 per sq. ft.) compared to $5.6 million across 51,544 sq. ft. ($108.42 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%).