Skip to main content Skip to footer

2020 Q3 Northeast Florida Office Market Report

Download Report
Q3_2020_Office1536x1040

The demand for office space in Jacksonville has continued to decrease this quarter. Some tenants have realized that physical office space is not necessary for their business model and are considering measures to work from home indefinitely.

The demand for office space in Jacksonville has continued to decrease this quarter. Some tenants have realized that physical office space is not necessary for their business model and are considering measures to work from home indefinitely. Florida Blue is a prime example of this occurring in the Jacksonville market as they recently listed their underutilized space for lease in both of their campuses – totaling roughly 750,000 square feet.

Q3_2020_Office_1040x972SearchCardImage

2020 Q3 Northeast Florida Office Market Report

Download Report
Related Experts

Christian Oldenburg

Executive Managing Director, North Florida

Jacksonville

Christian Oldenburg is a dynamic commercial real estate executive with 17 years of experience and total transaction involvement in excess of $1 billion. As the Managing Director of Colliers International Northeast Florida, Christian is responsible for all aspects of Colliers’ operations in the North Florida region, with a focus on financial management, development of human capital and new business generation. Christian leads a team of 35 brokers and 15 support staff who are focused on advising clients who wish to sell, purchase or lease retail, office, medical, industrial, land and multifamily assets. Christian also collaborates with the firm’s Real Estate Management Services and Valuation and Advisory divisions on identifying and sourcing new business opportunities.


Christian’s real estate career began with Northmarq Capital as an Investment Analyst, a role in which he assisted in placing more than $350 million in debt and equity financing. He further developed his career with Regency Centers, where he held multiple financial and operational roles over his ten-year tenure culminating as Vice President of National Property Operations. Most recently Christian served as Senior Vice President of Block One Ventures – the real estate investment arm of a significant local family office. In that role, he oversaw all aspects of the company’s operations with a focus on ground-up development and asset management of land and multifamily assets valued around $300 million.

View expert

Chuck Diebel

Executive Director

Jacksonville

I am a Jacksonville native with more than 40 years of experience in real estate and construction. I specialize in investment sales as well as office leasing, including both landlord representation and tenant representation. I am a member of the Advisory Board Executive Committee at Colliers International Northeast Florida.

Prior to joining Colliers in 2008, I spent 20 years with an office REIT in various capacities. My experience there included site acquisition and building development. My involvement in all areas of real estate from market analysis to building design process to product delivery, including leasing, property and asset management, allows me to provide unique benefits to my team at Colliers International Northeast Florida. My expertise lies in problem solving, sales strategy, transaction management, construction management, and assisting owner and tenants in achieving goal-oriented results using best-in-class practices.

View expert

Matt Entriken

Executive Director

Jacksonville

Matt has over 15 years of experience in commercial real estate in Northeast Florida. He has completed sales and leases totaling more than $400 million in the disciplines of retail, industrial, office and land. 

His brokerage activities are focused on site selection for national/regional retailers and asset acquisition, disposition and leasing with an emphasis on retail and office properties.

 

View expert

Fran Pepis

Senior Director

Jacksonville

Fran started her real estate career in 1988 as a business consultant to real estate firms in Florida.  She developed business strategies and play books on growth and profitability to assist and accelerate growth within these firms.      With over 33 years’ experience as a Commercial Real Estate Professional her focus is on Healthcare, Medical, Non-Profits, Investors and Office Tenants.    With her educational background in finance her strengths are in negotiating complex sales and leasing transactions, financial analysis, site selection, contract negotiations, business development, identifying   economic development opportunities; market conditions and trends and long-term financial planning for her clients.   Because she understands her clients, their short-term needs, and long-term goals, she is considered one of the most well -respected Brokers in her field.  Fran takes a hands-on approach to her clients’ real estate needs and not only assist the TEAM but becomes one of the TEAM members.

Fran works closely with Healthcare & Medical Owners/Tenants, Nonprofit Organizations, Professional Clients, Administrators, Facility Planning Departments and Real Estate Departments to create and maximize value by securing strategic cost-effective solutions.   Her clients typically face issues of growth, consolidation, inflexible landlords, staff and/or patient logistical concerns and facility obsolescence. 

My approach has always been to find solutions and opportunities by first listening to my clients and then to best assist them in reaching the most optimal outcome.  I become a real estate partner and an advocate for my clients’ interest and stay with them throughout the entire process.  I provide a critical link to resources and services which makes the entire transaction flow smoothly.

Over the last several years, Ms. Pepis has closed on $900 Million in sales and leasing transactions and has leased over 1.5 MSF of commercial space. Throughout her 33 years in commercial real estate, she has been fortunate to work with a number of local, regional, national and international investors, owners/users and tenants.

 

 

View expert