Figures
Jacksonville Office Figures - Q4 2024
January 6, 2025 5 Minute Read
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- Total office vacancy sits at 23.9% after increasing 40 basis points quarter over quarter and 90 basis points year over year.
- According to Real Capital Analytics, the sale of investment-grade properties during 2024 totaled approximately $125.7 million across 1,559,283 sq. ft ($80.60 per sq. ft.) compared to $108.2 million across 936,036 sq. ft. ($115.57 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%).