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Cushman & Wakefield | 7
Direct
Quarter
YTD
YTD
YTD
Overall
Direct
Wtd. Average
Overall Net
Overall Net
Leasing
Construction
Under
No. Bldgs.
Inventory
Vacancy Rate
Vacancy Rate
Rental Rates (psf)
Absorption
Absorption
Activity
Completions
Construction
Downtown
167
7,676,635
5.3%
5.3%
$2.88
58,799
197,433
84,100
0
0
Northside
136
21,097,990
13.6%
13.6%
$4.14
36,340
284,369
1,158,730
0
1,506,201
Westside
597
47,297,224
4.3%
4.3%
$2.85
49,075
1,015,072
2,695,955
814,777
0
Southside
518
23,966,691
4.3%
4.3%
$7.32
16,829
557,661
939,418
0
0
Orange Park Clay
26
2,197,082
0.3%
0.3%
$10.31
0
65,440
2,940
65,000
0
Beaches
21
821,611
0.0%
0.0%
$0.00
0
0
0
0
0
St Johns County
29
1,603,051
4.4%
4.4%
$5.73
0
31,812
51,157
0
0
JACKSONVILLE TOTAL MARKET
1,494
104,660,284
6.1%
6.1%
$4.24
161,043
2,151,787
4,932,300
879,777
1,506,201
Downtown
119
5,361,508
7.5%
7.5%
$2.87
58,799
198,833
84,100
0
0
Northside
96
15,952,824
17.8%
17.8%
$4.10
41,590
209,855
1,087,408
0
1,506,201
Westside
435
36,811,082
5.2%
5.2%
$2.87
49,075
728,836
2,253,397
560,433
0
Southside
304
15,192,614
3.7%
3.7%
$5.85
40,410
375,328
498,413
0
0
Orange Park Clay
15
1,570,733
0.2%
0.2%
$8.00
0
440
2,940
0
0
Beaches
18
424,530
0.0%
0.0%
$0.00
0
0
0
0
0
St Johns County
19
1,209,002
5.1%
5.1%
$5.19
0
31,812
51,157
0
0
TOTAL
1,006
76,522,293
7.5%
7.5%
$3.82
189,874
1,545,104
3,977,415
560,433
1,506,201
*Overall figures include subleaseanddirect space.
OFFICE SERVICES/FLEX
Downtown
1
22,353
0.0%
0.0%
$0.00
0
0
0
0
0
Northside
6
184,455
15.9%
15.9%
$5.26
0
11,104
2,662
0
0
Westside
8
284,893
0.0%
0.0%
$0.00
0
6,600
6,600
0
0
Southside
135
5,176,670
8.3%
8.5%
$9.78
(23,581)
231,201
441,005
0
0
Orange Park Clay
4
211,273
2.3%
2.3%
$11.50
0
0
0
0
0
Beaches
0
0
0.0%
0.0%
$0.00
0
0
0
0
0
St Johns County
2
97,049
9.5%
9.5%
$8.75
0
0
0
0
0
TOTAL
156
5,976,693
7.9%
8.0%
$9.50
(23,581)
248,905
450,267
0
0
MANUFACTURING
Downtown
47
2,292,774
0.1%
0.1%
$6.86
0
(1,400)
0
0
0
Northside
34
4,960,711
0.3%
0.3%
$9.18
(5,250)
63,410
68,660
0
0
Westside
154
10,201,249
1.3%
1.3%
$2.65
0
279,636
435,958
254,344
0
Southside
79
3,597,407
1.4%
1.4%
$2.40
0
(48,868)
0
0
0
Orange Park Clay
7
415,076
0.0%
0.0%
$0.00
0
65,000
0
65,000
0
Beaches
3
397,081
0.0%
0.0%
$0.00
0
0
0
0
0
St Johns County
8
297,000
0.0%
0.0%
$0.00
0
0
0
0
0
TOTAL
332
22,161,298
0.9%
0.9%
$3.08
(5,250)
357,778
504,618
319,344
0
*Overall figures include subleaseanddirect space.
Nowarrantyor representation, express or implied, ismade to theaccuracyof the information containedherein, and the same is submitted toerrors, emissions, changeof price, rentalor conditions,withdrawalwithout notice, and toanyspecial listing conditions imposedbyour principals.
OVERALL MARKET
WAREHOUSE/DISTRIBUTION
Nowarrantyor representation, express or implied, ismade to theaccuracyof the information containedherein, and the same is submitted toerrors, emissions, changeof price, rentalor conditions,withdrawalwithout notice, and toanyspecial listing conditions imposedbyour principals.
JACKSONVILLE INDUSTRIAL MARKET STATISTICS
Fourth Quarter 2016
SUBMARKETS