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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