Engage Jacksonville

RETAIL SNAPSHOT 1Q 2022

Average Rent PSF & Vacancy

Average Rent PSF & Vacancy

$25.00

0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0%

TOTAL RETAIL INVENTORY

$20.00

$15.00

$10.00

PRICE PSF $199

CAP RATE 6.5%

VACANCY RATE 3.9%

$5.00

$0.00

2013 2014 2015 2016 2017 2018 2019 2020 2021 1Q22

98.9 MSF

Rent PSF

Vacancy

Deliveries & Absorption Rate

Deliveries & Absorption Rate

1,000,000 1,200,000 1,400,000 1,600,000

0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0%

AVERAGE RENT $20.98 PSF

YTD ABSORPTIONS 42,000 SF

YTD COMPLETIONS 6,500

UNDER CONSTRUCTION 1MSF

0 200,000 400,000 600,000 800,000

2013 2014 2015 2016 2017 2018 2019 2020 2021 1Q22

Deliveries YTD

Absorption % of Inventory

Source: Cushman & Wakefield Research

ENGAGE JACKSONVILLE MSA OVERVIEW | 14