enant demand and occupancy high in Jacksonville.
The city saw companies like FlexCold, Freezpak and AxionLog take action to meet demand by expanding and opening cold storage warehouses throughout Northeast Florida. Financing was difficult, he explained, and the cost of capital increased or became more difficult to navigate. This can lead to delays for both tenants and landlords, he said.
Jacksonville saw a massive boom in the logistics industry this year, including an extremely high demand for unique resources like cold storage facilities and warehouses. Many companies began making moves to incorporate storage and warehousing into their services as demand began to rise.
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