Market Trend: Jacksonville’s Office Deliveries, Construction and Inventory – CoStar Group

Market Trend: Jacksonville’s Office Deliveries, Construction and Inventory – CoStar Group.

According to CoStar Data, Jacksonville’s Office Deliveries for 2013 were as follows:
During Q3, 2013- three buildings totaling 14,902 square feet
During Q2, 2013- three buildings totaling 51,211 square feet
During Q1, 2013- one building totaling 6,390 square feet

According to CoStar Data, there was 98,523 square feet of office space under construction at the end of Q3, 2013. This includes a 93,750 square foot building on Max Leggett Parkway and a 4,773 square foot building on Blanding Boulevard. Both of these two projects are 100% pre-leased.

Some of the most notable 2013 deliveries include: 7826 Ozark Dr, a 31,650-square-foot facility that delivered in second quarter 2013 and is now 100% occupied, and 1865 Lime St – Phase 2, a 11,300-square-foot building that delivered in second quarter 2013 and is now 81% occupied.

Posted on November 22, 2013, in Development, Market Reports/Statistics, Office and tagged , , , . Bookmark the permalink. Leave a comment.

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