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.
Market vacancy is healthy, allowing tenants the flexibility to move if desired and landlords the ability to drive rents. Out of town interest in Jacksonville – both from a leasing and sale perspective - continues to be incredibly strong as owners and operators hailing from primary markets seek out ‘undiscovered’ parts of the country.
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