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Middle-Market Digest

Middle Market Digest: This Week in Florida

Here’s a look at the trends, announcements and deals you may have missed this week in Florida.

This week in the Florida saw some noteworthy states out of Jacksonville’s office market. Meanwhile, there was significant action in many of Florida’s submarkets.

BY THE NUMBERS

At the close of the third quarter, office fundamentals in Jacksonville remained stable with a healthy 2.4 percentage point decline in the overall vacancy rate since year-end 2016 to a current 12.7%, and strong continued demand for quality space within the Interstate 95/9A Corridor where the direct weighted average asking rate is up $0.59 per square foot since the close of 2016. (Source: Avison Young)

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Jennifer LeClaire

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