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Joseph Turri

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Featured Research

Sep 30, 2021

Q3 2021 Jacksonville Industrial Market Report

The Jacksonville industrial market is on fire. Headline vacancy is 4% but actual vacancy in class-A & B product is closer to 1%, which is far less than what is needed for the market to function efficiently.
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Jul 9, 2021

Q2 2021 Jacksonville Retail Market Report

Jacksonville’s industrial market continues to be white hot. Leasing activity is consistently strong, building sales are almost always oversubscribed and entitled land is hard to come by. Despite a small uptick in vacancy vs. the 2018 lows, rents continue to increase steadily as new inventory is leased rapidly. JAXUSA reportedly has more than 90 active projects in the works, which underscores the level of interest we are seeing in North Florida. Occupiers and investors alike have taken notice of the positive population trends and are moving operations in record numbers.
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Mar 29, 2021

Q1 2021 Jacksonville Industrial Market Report

If there were a phrase to describe the current state of Jacksonville’s industrial market, it might be ‘all ahead full’. The industrial market benefited last year from a pandemic economy driven by e-commerce and it will continue to benefit from a reopening economy.
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