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Jacksonville's industrial market experienced a sharp rise in vacancy to 10.6% in Q1 2026, driven by speculative construction deliveries totaling nearly 690,000 square feet with no preleasing in place, while leasing activity declined 13.5% year-over-year to 837,000 square feet. Industrial asking rents increased 3.2% year-over-year to $7.97 per square foot, though the document notes that double-digit vacancy and reduced construction activity may begin to ease rental prices in the near future as tenants gain more space options.

This Cushman & Wakefield report analyzes Jacksonville's multifamily market in Q1 2026, documenting that development activity decelerated with just under 1,000 units delivered and units under construction declining to approximately 2,500, while inventory has expanded nearly 30% since 2020. Market fundamentals showed stabilized occupancy at 90.3% with net absorption of 1,200 units in Q1, average effective rents at $1,492 per unit declining 0.2% year-over-year, and sales volume of 11 properties totaling $160.4 million.

The Jacksonville industrial market in Q1 2026 recorded 74 lease deals at $10.11/SF asking rent with a 10.2% vacancy rate (up 430 basis points year-over-year), reflecting a supply-digestion phase driven by 2025 deliveries rather than demand contraction. The report indicates leasing activity remains concentrated in the 50K–200K SF mid-box segment, the construction pipeline is moderating with 0.9M–2.4M SF under construction, and sales volume totaled $289 million in the quarter, with institutional pricing for quality assets remaining intact despite softer leasing conditions.

This is a first-quarter 2026 industrial market figures report covering Jacksonville, Florida, published by CBRE.

This is a market report published by Colliers in March 2026 covering the industrial sector in Jacksonville, Florida.

This is a first-quarter 2026 market report published by Colliers covering the multifamily sector in Jacksonville, Florida.

This is a market report on the Jacksonville office sector published by Colliers in March 2026, covering the first quarter of that year. The report covers office market conditions in Jacksonville, Florida and includes national market context.

This is a first-quarter 2026 retail market report for Jacksonville, Florida published by Colliers covering conditions in the local retail sector.

This is a first-quarter 2026 office market data report for Jacksonville, Florida published by CBRE covering office sector figures.

Jacksonville's retail market delivered nearly 695,000 square feet of new space over the past 12 months while vacancy increased 50 basis points year-over-year to 5.1%, with annual asking rent growth slowing to 1.7% and averaging $26.08 per square foot as of Q1 2026. Investment sales totaled near $730 million across more than 420 transactions with an average price of $193 per square foot, while demand declined from the prior year with net occupancy losses of 90,500 square feet, though St. Johns County remained the strongest performer with over 113,000 square feet of absorbed space.

Jacksonville's office market recorded a 20.7% overall vacancy rate in Q1 2026, declining 260 basis points year-over-year to its lowest level since Q3 2023, with average asking rent holding firm at $23.01 per square foot, up 0.6% year-over-year. Leasing activity totaled nearly 117,000 square feet in Q1, down from the previous quarter and year-ago period, with suburban submarkets capturing 90.4% of deals and Deerwood Park commanding the highest rents at $24.35 per square foot.

Jacksonville's multifamily market in Q3 2025 showed early stabilization with vacancy declining to 12.2% and positive absorption despite soft asking rents averaging $1,500 and negative 1.5% annual rent growth, reflecting pressure from several years of heavy supply delivery. The market featured 813 units delivered during the quarter with 2,800 units remaining under construction, sales volume of $315 million at an average price of $181,000 per unit and 5.8% cap rates, while the metro continued strong in-migration and employment growth supported by investments including a new University of Florida graduate campus and Otto Aviation manufacturing facility.