Office Market

Highlights

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  • 7.5 Million Square Feet of Office Space
  • 56,000 Downtown Employees
  • 2,387 Downtown Businesses
  • 3 Fortune 500 Corporate Headquarters

Downtown is home to all of Jacksonville’s tallest buildings, three Fortune 500 Companies, 7.5 million square feet of commercial office space, more than 2 million square feet of government buildings, and a robust collection of historic and mid-century architecture. In 2019, VyStar Credit Union took its place in Downtown’s skyline, moving approximately 1,200 employees and its headquarters to the Central Core. The credit union is infusing its new campus with retail, public art and unique public space. Two additional headquarter projects are currently in the works—FIS Headquarters and JEA Headquarters—further enhancing Downtown’s strong work culture and increasing its highly-skilled, diverse employee base.

2020 Statistics

Source: CBRE Group Inc., ESRI
& Duval County Property Appraiser

  • $93 Million In Major Commercial Sales (2020 Q1)
  • 31K Net Absorption (2020 Q3)
  • 85.8% Office Occupancy Rate (2020 Q1)
  • $21.73 Average Lease Rate Per Sq. Ft. (2020 Q3)
  • 462K Sq. Ft. of Office Space Planned