Jacksonville’s office market saw a strong Q3 performance with new deliveries and sizeable move-ins creating a positive trend for both year-to-date and quarterly net absorption.
Like Colliers, CBRE's Q3 office market report focuses on a workers returning to the office, which it says should drive demand and prices.The quarter closed with a vacancy rate of 21.5%, representing an 80 basis point increase compared to one year ago and a 10 basis point decrease from Q2 2022. Sublease space on the market decreased 15.2% over the past year. Currently, 655,195 square feet of sublease is available with 595,800 square feet vacant, CBRE reported.
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