Total vacancy sits at 5.0% driven by Fedex, SCP Pool Supply, 1 A Auto, Suddath Van Lines and Priority Tire occupying space during Q2 2021.
The sale of investment-grade properties during the first half 2021 totaled approximately $225.3 million across 3.3 million sq. ft compared to $99.7 million across 1.6 million sq. ft. during the same period in 2020.
According to the Bureau of Labor Statistics, the unemployment rate in May was 4.2%, a 680 bps decrease year-over-year for Jacksonville. The rate is down from 11.5% in April 2020.