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Jacksonville, Florida

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Commercial Jacksonville
Last Updated: 23-Oct-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) $ 17.50 $ 19.72 $ 17.83 16.2% N/A
Class A (Prime) $ 17.00 $ 21.23 $ 20.41 16.1% N/A
Class B (Secondary) $ 9.92 $ 18.91 $ 17.82 12.4% N/A
 
Suburban Office
New Construction (AAA) $ 17.50 $ 21.50 $ 19.10 12.2% N/A
Class A (Prime) $ 17.00 $ 21.50 $ 20.62 13.8% N/A
Class B (Secondary) $ 14.50 $ 19.50 $ 18.02 17.2% N/A
 
Industrial
Bulk Warehouse $ 3.74 $ 8.52 $ 4.36 10.1% N/A
Manufacturing $ 3.00 $ 6.22 $ 4.28 12.8% N/A
High Tech / R&D $ 7.70 $ 14.91 $ 9.89 13.3% N/A
 
Retail
Downtown $ 10.31 $ 19.04 $ 14.31 8.2% N/A
Neigborhood Service Centers $ 8.89 $ 21.60 $ 14.29 10.3% N/A
Community Power Center $ 12.64 $ 13.39 $ 13.01 12.9% N/A
Regional Malls $ 14.69 $ 36.21 $ 24.51 7.4% N/A

Development Land Low (Price/Acre) High (Price/Acre)
Office in CBD $ 250,000 $ 600,000
Land in Office Parks $ 125,000 $ 425,000
Land in Industrial Parks $ 130,000 $ 350,000
Office/Industrial Land - Non-park $ 85,000 $ 550,000
Retail/Commercial Land $ 125,000 $ 1,000,000
Residential $ 8,500 $ 450,000

 

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