Office Market

Highlights

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  • 6.98M Square Feet of Class A & Class B Office Space
  • 56,000 Downtown Employees
  • 2,400 Downtown Businesses
  • 3 Fortune 500 Corporate Headquarters

Downtown is home to all of Jacksonville’s tallest buildings, three Fortune 500 Companies, 6.98 million square feet of Class A and Class B 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.

2021 Statistics

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

  • $86.3 Million In Major Commercial Sales in 2020
  • -14.7K Net Absorption (2020 Q4)
  • 85.6% Office Occupancy Rate (2020 Q4)
  • $21.94 Average Lease Rate Per Sq. Ft. (2020 Q4)
  • 539K Sq. Ft. of Office Space Under Construction