Of all of Florida’s major cities, Jacksonville has struggled the most to recover from the economic recession of the mid-2000s. But now a surge in new development, rise in population and consecutive quarters of growth have led to an occupancy rate of 92.1%, which has breathed new life into Jacksonville’s retail market. This shift in dynamics means that Jacksonville is enthusiastically bouncing back to pre-recession levels.
JLL Florida reached out to Kaycee Gardner to answer three key questions on what’s ahead for Jacksonville’s office market.
JLL: What are the factors driving office leasing activity in Jacksonville’s key submarkets?
Gardner: With economic conditions improving across the country and business confidence significantly increasing, the Jacksonville office market is gaining momentum… Read More
A closer look at the Florida office market – Q3 2014. The positive momentum continued across Florida during the third quarter of 2014 as 202,500 jobs were added over the last 12 months, a year-over-year gain of 2.7 percent.The six primary metro areas had compelling growth adding over three fourths of these statewide jobs in the past year.
Given the… Read More