Jacksonville Industrial MarketBeat Q1 2026

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.