From recent studies, the Jacksonville Industrial Market is at a historically low vacancy rate. The availability of functional industrial space in Jacksonville continues to decline rapidly. Additionally, developers are currently not building speculative facilities. Asking rental rates continue to rise as the available space declines. The lack of availability will only drive rates higher in the near future and will continue to push tenants to other sub-markets. Overall, Jacksonville’s Market is very healthy when compared nationally. U.S. vacancy rate held steady at 5.5% and demand continues to climb for more space. We expect more developers to break into Jacksonville soon as the city continues
Whether for professional or personal reasons, people sometimes pick up and move. In a recent study performed by Lending Tree, the results revealed that Florida is the new #1 destination for people to move to. The study looked at where residents in each state are looking to move and discovered a southern tilt in preferences of out-of-state home buyers. Within the study, Lending Tree wanted to find the percentage of all requests from resident looking to move outside of their current state. They reviewed purchase mortgage loan requests for primary residents in all 50 states in the last year – from October 2016 to October 2017 and the results revealed the most popular destination for each state
