• In Q2 2018, vacancy stood at 3.6%, down 30 basis points (bps) quarter-over-quarter and down 210 bps year-over-year.
  • The average asking rate in Q2 2018 was $4.84 per sq. ft., representing a $0.33 (7.3%) increase year-over-year.
  • In Q2 2018, sales volume amounted to $71.0 million in five transactions for 2.2 million sq. ft.
  • REITs have shown heightened activity, accounting for approximately 38% of investment sales year-to-date.
  • Jacksonville gained 22,400 jobs year-over-year, representing an employment increase of 3.1%.