Reports: Jacksonville office sector sees high vacancy rates in Q4 - Jacksonville Business Journal

Jan 27, 2023, 2:38pm EST

CBRE reported improved fundamentals to end 2022. Its reported total vacancy rate was 21.8%, a figure that was 20% in 2020’s Q2. Year-to-date, there was 58,021 square feet of negative absorption. “Tenants wishing to improve their space now have more Class A options in desired submarkets thanks to a stabilization in absorption, vacancy and asking rents,” CBRE’s report said.

“Life sciences users are still actively looking in Jacksonville, but as with anything else, financing needs to be addressed upfront as many of these companies are working on cutting edge technologies with large, but limited, private financing sources,” the Colliers report stated. “Despite current rises, rates are expected to slow and level out going into 2023,” the Cushman & Wakefield report stated. “Rent concession increases continued as landlords held out on lowering asking rents.”

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

AT&T expands fiber network throughout Jacksonville - Jacksonville Business JournalAT&T expansion to help close the digital divide in Jacksonville.
Источник: JaxBizJournal - 🏆 599. / 51 Прочитайте больше »

Mass layoffs will result in surge in business startups, new opportunities - Jacksonville Business JournalThe surge in new business startups after a recession may look like an expected result, but this time the opportunities are different and plentiful.
Источник: JaxBizJournal - 🏆 599. / 51 Прочитайте больше »

California's proposed wealth tax could follow transplants to Florida - Jacksonville Business JournalCalifornia's latest proposed wealth tax appears to take aim at popular strategies among the wealthy to avoid state taxes.
Источник: JaxBizJournal - 🏆 599. / 51 Прочитайте больше »

North Florida Land Trust names Allison DeFoor new president - Jacksonville Business JournalDeFoor had served as interim president of the land conservation organization since August 2022.
Источник: JaxBizJournal - 🏆 599. / 51 Прочитайте больше »

UNF receives federal funding for additional Bloomberg terminals - Jacksonville Business JournalUNF receives federal funding for Crowley transportation center tech
Источник: JaxBizJournal - 🏆 599. / 51 Прочитайте больше »

New St. Augustine venture combines restaurant, cooking experiences - Jacksonville Business JournalAncient City Cooking Experience lets patrons interact with local chefs, learn their stories and techniques, and taste food right fresh from the skillet.
Источник: JaxBizJournal - 🏆 599. / 51 Прочитайте больше »