Vacancy sits at 7.5%, a decrease from last quarter driven primarily by Cardinal Health and Lowe’s occupying a combined total of 289,250 sq. ft. of space.
The sale of investment-grade properties in Q3 2020 totaled approximately $203.7 million across 2.2 million sq. ft compared to $125.3 million across 1.3 million sq. ft. one year ago.
According to the Bureau Labor of Statistics, the unemployment rate for August 2020 was 5.8%, a 250 bps increase year-over-year for Jacksonville. The rate is down from 11.2% in April 2020.