October 23, 2014

Northeast - Room at the Office

| 6/1/2010

Commercial real estate activity continued to decline in Jacksonville in the first quarter, with retail, industrial and office market vacancies all hitting double digits, according to CB Richard Ellis. CBRE reported no industrial or office space under construction in the city in the first quarter.

Sector Vacancy
Rate
Avg. Lease
Rate
(sq. ft.)
Office 22% $18.04
Retail 10.5 15.62
Industrial 10.3 4.73

Tags: Northeast

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