Engage Jacksonville

INDUSTRIAL SNAPSHOT 1Q 2022

Direct Vacancy and Rental Rates Direct Vacancy and Rental Rates

$0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00

12.0%

TOTAL INDUSTRIAL INVENTORY

10.0%

8.0%

6.0%

4.0%

DIRECT VACANCY 3.8%

UNDER CONSTRUCTION 3.7 MSF

2.0%

0.0%

2013 2014 2015 2016 2017 2018 2019 2020 2021 1Q 22

101.8 MSF

Direct Net Asking Rental Rate

Direct Vacancy Rate

Leasing Activity/Absorption/Construction Leasing Activity/Absorption/Construction Completions

WAREHOUSE DISTRIBUION

0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000

MANUFACTURING 19.2 MSF

LEASING ACTIVITY* 1.4 MSF

DIRECT RENTS $6.45 PSF

78.3 MSF

OVERALL ABSORPTION* 184,300 SF

OFFICE SERVICE 4.3 MSF

2013 2014 2015 2016 2017 2018 2019 2020 2021 1Q 22

Leasing Activity

Overall Net Absorption

Construction Completions

Source: Cushman & Wakefield Research

ENGAGE JACKSONVILLE MSA OVERVIEW | 13