11650 Central Parkway

JACKSONVILLE INDUSTRIAL MARKET STATISTICS Fourth Quarter 2016

SUBMARKETS

Direct

Quarter

YTD

YTD

YTD

Overall

Direct

Wtd. Average

Overall Net Absorption

Overall Net Absorption 197,433 284,369 1,015,072

Leasing Activity

Construction Completions

Under

OVERALL MARKET

No. Bldgs.

Inventory

Vacancy Rate

Vacancy Rate

Rental Rates (psf)

Construction

Downtown Northside Westside Southside

167 136 597 518

7,676,635 21,097,990 47,297,224 23,966,691 2,197,082

5.3%

5.3%

$2.88 $4.14 $2.85 $7.32 $0.00 $5.73 $4.24 $2.87 $4.10 $2.87 $5.85 $8.00 $0.00 $5.19 $3.82 $10.31 $0.00 $5.26 $0.00 $9.78 $0.00 $8.75 $9.50 $6.86 $9.18 $2.65 $2.40 $0.00 $0.00 $0.00 $3.08 $11.50

58,799 36,340 49,075 16,829

84,100

0 0

0

13.6%

13.6%

1,158,730 2,695,955

1,506,201

4.3% 4.3% 0.3% 0.0% 4.4% 6.1%

4.3% 4.3% 0.3% 0.0% 4.4% 6.1%

814,777

0 0 0 0 0

557,661 65,440

939,418

0

Orange Park Clay

26 21 29

0 0 0

2,940

65,000

Beaches

821,611

0

0

0 0

St Johns County

1,603,051

31,812

51,157

JACKSONVILLE TOTAL MARKET

1,494

104,660,284

161,043

2,151,787

4,932,300

879,777

1,506,201

WAREHOUSE/DISTRIBUTION

Downtown Northside Westside Southside

119

5,361,508 15,952,824 36,811,082 15,192,614 1,570,733

7.5%

7.5%

58,799 41,590 49,075 40,410

198,833 209,855 728,836 375,328

84,100

0 0

0

96

17.8%

17.8%

1,087,408 2,253,397

1,506,201

435 304

5.2% 3.7% 0.2% 0.0% 5.1% 7.5%

5.2% 3.7% 0.2% 0.0% 5.1% 7.5%

560,433

0 0 0 0 0

498,413

0 0 0 0

Orange Park Clay

15 18 19

0 0 0

440

2,940

Beaches

424,530

0

0

St Johns County

1,209,002 76,522,293

31,812

51,157

TOTAL

1,006

189,874

1,545,104

3,977,415

560,433

1,506,201

*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.

OFFICE SERVICES/FLEX Downtown

1 6 8 4 0 2

22,353 184,455 284,893

0.0%

0.0%

0 0 0 0 0 0

0

0

0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Northside Westside Southside

15.9%

15.9%

11,104

2,662 6,600

0.0% 8.3% 2.3% 0.0% 9.5% 7.9% 0.1% 0.3% 1.3% 1.4% 0.0% 0.0% 0.0% 0.9%

0.0% 8.5% 2.3% 0.0% 9.5% 8.0% 0.1% 0.3% 1.3% 1.4% 0.0% 0.0% 0.0% 0.9%

6,600

135

5,176,670

(23,581)

231,201

441,005

Orange Park Clay

211,273

0 0 0

0 0 0

Beaches

0

St Johns County

97,049

TOTAL

156

5,976,693

(23,581)

248,905

450,267

MANUFACTURING Downtown

47 34

2,292,774 4,960,711 10,201,249 3,597,407

0

(1,400) 63,410 279,636 (48,868)

0

0 0

Northside Westside Southside

(5,250)

68,660 435,958

154

0 0 0 0 0

254,344

79

0 0 0 0

0

Orange Park Clay

7 3 8

415,076 397,081 297,000

65,000

65,000

Beaches

0 0

0 0

St Johns County

TOTAL

332

22,161,298

(5,250)

357,778

504,618

319,344

*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.

Cushman & Wakefield | 7