Why Jacksonville

Retail Market Snapshot 103.1 MSF Total Retail

Q1 2025

SUPPLY & DEMAND

Product Type Spotlight

2M

1.5M

NASSAU

MALLS

1M

6.7 MSF Inventory

5.0% Overall Vacancy

$31.17 Overall Rent (NNN)

500k

POWER CENTERS

0

2020

2021

2022

2023

2024

2025 YTD

DUVAL

4.3 MSF Inventory

7.2% Overall Vacancy

$32.13 Overall Rent (NNN)

Construction Completions

Overall Net Absorption

BAKER

NEIGHBORHOOD CENTERS

33.8 MSF Inventory

6.5% Overall Vacancy

$26.60 Overall Rent (NNN)

DIRECT RENTAL & VACANCY RATES

CLAY

STRIP CENTERS

$ 30

5.5 %

5.0 %

7.8 MSF Inventory

4.5% Overall Vacancy

$22.44 Overall Rent (NNN)

$ 28

ST JOHNS

4.5 %

$ 26

4.0 %

3.5 %

$ 24

GENERAL RETAIL

3.0 %

$ 22

49.8 MSF Inventory

2.0% Overall Vacancy

$23.58 Overall Rent (NNN)

2.5 %

$ 20

2.0 %

2020

2021

2022

2023

2024

2025

Direct Rental Rate

Overall Vacancy

OTHER

0.7 MSF Inventory

0.0% Overall Vacancy

$25.47 Overall Rent (NNN)

Cushman & Wakefield | Why Jacksonville

Source: CoStar