Jacksonville Retail MarketBeat Q1 2026

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.