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601 A1A North, Ponte Vedra Beach, FL 32082

Jacksonville commercial real estate

The largest city in Florida and one of the Southeast's strongest industrial and logistics markets. We cover Northeast Florida with senior advisors and bring statewide and national buyers to a market that local listings rarely reach.

Jacksonville, Florida
Compass
Jacksonville / Ponte Vedra
Nearest office601 A1A North
Ponte Vedra Beach, FL 32082
2 marketsCovered across the region
(561) 295-8311Speak with a senior advisor

Jacksonville is the logistics capital of the Southeast coast. JAXPORT, three interstates, two Class I railroads and a central position between Atlanta, Orlando and Savannah have made Duval and Nassau counties a distribution and manufacturing hub with national users across the Westside, Northside and the Cecil Commerce Center. The city's economy also rests on financial services, health care through Mayo Clinic, Baptist and UF Health, and the military presence at NAS Jacksonville and Mayport. To the south, St. Johns County is the fastest-growing county in the state, and its retail, medical and multifamily development along County Road 210 and in Nocatee has become a market of its own.

Local Office & Off-Market Deals

Off-market commercial real estate in Jacksonville

GoCommercial, Jacksonville / Ponte Vedra

601 A1A North
Ponte Vedra Beach, FL 32082

(561) 295-8311

info@gocommercial.com

Contact us for off-market deals in Jacksonville

Not every Jacksonville property trades on the open market. Through Compass Private Exclusives and our direct relationships with local owners, we see opportunities before they are publicly listed. Tell us what you want to buy, your price range and your timing, and a senior advisor will share the private and off-market opportunities that fit.

Own property here and prefer a quiet sale? We can take it to qualified buyers confidentially, without a public listing.

Market Overview

Commercial real estate in Jacksonville, Florida

GoCommercial lists and sells across Northeast Florida, from Orange Park and the urban core to St. Augustine and Fernandina Beach, from the Compass office at 601 A1A North in Ponte Vedra Beach. Owners here gain the most from our model: senior advisors and a statewide and national buyer pool that a local listing rarely reaches.

What Drives Demand

Why Jacksonville

01

Port and logistics

JAXPORT and the interstate and rail network support one of the most active industrial markets in the Southeast.

02

Diversified employment

Financial services headquarters, health care systems and the military provide steady office, medical and housing demand.

03

St. Johns County growth

Nocatee and the CR-210 corridor are among the fastest-growing areas in the country, pulling retail, medical and multifamily development with them.

Submarkets & Corridors

Where the activity is

Downtown, Brooklyn & Riverside

Office, multifamily, redevelopment and the urban core's restaurant retail.

Westside, Northside & Cecil Commerce Center

Distribution, manufacturing and the region's largest industrial parks.

Southside, Baymeadows & Town Center

Office parks, medical office, regional retail and multifamily.

The Beaches & Ponte Vedra

Retail, hospitality and office serving the coastal communities.

St. Johns County, Orange Park & Clay County

Suburban retail, medical office, multifamily and land in the growth corridors south and west of the city.

Market Data · CoStar

Market data: Jacksonville

CoStar figures for the metro and the submarkets that cover Jacksonville. Each table states its period and rent basis. Full Florida market report ›

GoCommercial Market Analysis · Jacksonville

CoStar's current figures for Jacksonville metro, the market that covers Jacksonville, put asking rents at office $26.57 per SF (+0.5%) with 10.1% vacancy, up 37 bps year over year; industrial $9.99 per SF (+0.1%) with 9.6% vacancy, up 52 bps year over year; retail $26.71 per SF (+2.7%) with 4.9% vacancy, flat year over year; and multifamily $1,518 per unit (+0.5%) with 10.0% vacancy, down 156 bps year over year.

Over the past 12 months, office absorbed −587K SF against −301K SF delivered, with 153K SF under construction (0.2% of inventory). Industrial absorbed 1.6M SF against 4.6M SF delivered, with 3.1M SF under construction (1.8% of inventory). Retail absorbed 435K SF against 673K SF delivered, with 717K SF under construction (0.7% of inventory). Multifamily absorbed 4,781 units against 2,729 units delivered, with 3,325 units under construction (2.6% of inventory).

Investment sales across the four property types totaled about $3.65B over the trailing 12 months across 1,130 transactions, at market cap rates of office 9.6%, industrial 7.2%, retail 7.3% and multifamily 6.0%.

Our read: Jacksonville absorbed 1.6 million SF of industrial over the past year but 4.6 million SF delivered, so vacancy rose to 9.6% and rents are flat. Office gave back 587,000 SF. Multifamily absorbed 4,800 units against 2,700 delivered and vacancy fell 156 bps, the healthiest sector here. Cap rates are among the highest in the state, which keeps yield-driven buyers active; the question for industrial owners is how quickly the delivered space leases.

Analysis by GoCommercial. Reviewed by Brad Kuskin, Founding Principal, on November 10, 2026.

GoCommercial analysis of CoStar market data, Q4 2026 quarter to date. Metro figures are CoStar's; multi-county figures are weighted by inventory. Updated each quarter as new data publishes.

Office

Jacksonville metro office asking rents average $26.57 per SF, +0.5% over the past 12 months. Vacancy is 10.1%, up from 9.8% a year earlier. The market absorbed −587K SF over the past year against −301K SF delivered, with 153K SF under construction. Investment sales over the trailing 12 months totaled about $476M across 364 transactions at a market cap rate of 9.6%.

MarketAsking rent / SF12-mo changeVacancy12-mo absorptionUnder constructionCap rate
Jacksonville metro$26.57+0.5%10.1%−587K SF153K SF9.6%
Southsidesubmarket$24.800.0%11.8%237K SF0 SF10.1%
Downtown Northbanksubmarket$24.88−0.1%10.2%166K SF0 SF8.7%
Butler/Baymeadowssubmarket$25.24+0.3%18.2%−1.2M SF65K SF10.0%
St Johns Countysubmarket$32.84+1.1%5.2%46K SF14K SF9.1%
Beachessubmarket$36.13+0.9%6.1%−30K SF28K SF9.1%
Orange Park/Clay Countysubmarket$26.35+1.4%5.8%197 SF0 SF9.7%
Downtown Southbanksubmarket$28.96+0.9%11.5%69K SF0 SF8.3%
Riversidesubmarket$26.10+1.8%4.0%−26K SF0 SF10.0%

Source: CoStar, Florida Office market and submarket data, Jacksonville metro, Q4 2026 (quarter to date, retrieved November 2026). Market asking rent, $/SF/year, full-service equivalent. 12-month figures are trailing four quarters. Analysis and commentary by GoCommercial.

Jacksonville metro · asking rent and vacancy, Q4 each year

2021$23.048.9% vacant
2022$24.168.5% vacant
2023$25.339.5% vacant
2024$25.839.8% vacant
2025$26.609.8% vacant
2026$26.5710.1% vacant

Industrial

Jacksonville metro industrial asking rents average $9.99 per SF, +0.1% over the past 12 months. Vacancy is 9.6%, up from 9.1% a year earlier. The market absorbed 1.6M SF over the past year against 4.6M SF delivered, with 3.1M SF under construction. Investment sales over the trailing 12 months totaled about $1.56B across 309 transactions at a market cap rate of 7.2%.

MarketAsking rent / SF12-mo changeVacancy12-mo absorptionUnder constructionCap rate
Jacksonville metro$9.99+0.1%9.6%1.6M SF3.1M SF7.2%
Riversidesubmarket$9.19−0.1%4.2%551K SF429K SF7.6%
Butler Corridorsubmarket$13.04+0.6%7.0%−185K SF234K SF7.6%
Downtownsubmarket$8.10−1.6%3.8%−132K SF0 SF7.8%
North Sidesubmarket$8.51+0.5%10.9%−256K SF5K SF6.9%
St Johnssubmarket$11.95+0.6%16.1%578K SF305K SF7.5%
Orange Park/Clay Countysubmarket$11.09−0.4%6.3%51K SF11K SF7.8%
San Marcosubmarket$12.21+0.3%6.0%−30K SF10K SF7.8%
South Sidesubmarket$14.80+0.5%6.9%32K SF0 SF8.2%

Source: CoStar, Florida Industrial market and submarket data, Jacksonville metro, Q4 2026 (quarter to date, retrieved November 2026). Market asking rent, $/SF/year, triple net, all industrial subtypes. 12-month figures are trailing four quarters. Analysis and commentary by GoCommercial.

Retail

Jacksonville metro retail asking rents average $26.71 per SF, +2.7% over the past 12 months. Vacancy is 4.9%, unchanged from a year earlier. The market absorbed 435K SF over the past year against 673K SF delivered, with 717K SF under construction. Investment sales over the trailing 12 months totaled about $752M across 404 transactions at a market cap rate of 7.3%.

MarketAsking rent / SF12-mo changeVacancy12-mo absorptionUnder constructionCap rate
Jacksonville metro$26.71+2.7%4.9%435K SF717K SF7.3%
Southsidesubmarket$27.74+2.8%4.3%−29K SF20K SF7.4%
St Johns Countysubmarket$31.16+2.6%1.9%196K SF345K SF6.7%
Riversidesubmarket$24.17+3.0%4.4%187K SF2K SF7.6%
Orange Park/Clay Countysubmarket$26.68+3.0%3.4%116K SF13K SF7.4%
Arlingtonsubmarket$20.57+2.7%10.1%−97K SF61K SF7.6%
Butler/Baymeadowssubmarket$37.97+2.8%5.8%98K SF225K SF7.4%
Beachessubmarket$33.84+2.8%3.4%−56K SF0 SF6.9%
Mandarinsubmarket$30.50+2.6%6.6%73K SF2K SF7.4%

Source: CoStar, Florida Retail market and submarket data, Jacksonville metro, Q4 2026 (quarter to date, retrieved November 2026). Market asking rent, $/SF/year, triple net. 12-month figures are trailing four quarters. Analysis and commentary by GoCommercial.

Multifamily

Jacksonville metro multifamily asking rents average $1,518 per unit per month, +0.5% over the past 12 months. Vacancy is 10.0%, down from 11.5% a year earlier. The market absorbed 4,781 units over the past year against 2,729 units delivered, with 3,325 units under construction. Investment sales over the trailing 12 months totaled about $863M across 53 transactions at a market cap rate of 6.0%.

MarketAsking rent / unit12-mo changeVacancy12-mo absorptionUnder constructionCap rate
Jacksonville metro$1,518+0.5%10.0%4,781 units3,325 units6.0%
Southsidesubmarket$1,545+0.7%7.4%1,625 units647 units6.0%
Arlingtonsubmarket$1,376+0.8%10.3%176 units70 units5.8%
North Sidesubmarket$1,492−1.2%16.0%713 units300 units5.9%
Orange Parksubmarket$1,488+0.5%9.4%234 units312 units6.1%
Central Jacksonvillesubmarket$1,243+3.2%12.6%203 units0 units6.7%
Beachessubmarket$1,715+1.2%5.9%−15 units415 units6.1%
Downtown Jacksonvillesubmarket$1,775+1.9%11.8%305 units886 units5.8%

Source: CoStar, Florida Multifamily market and submarket data, Jacksonville metro, Q4 2026 (quarter to date, retrieved November 2026). Market asking rent, $/unit/month; inventory, absorption and construction in units. 12-month figures are trailing four quarters. Analysis and commentary by GoCommercial.

Hospitality

MarketADROccupancyRevPAR12-mo RevPAR changeRoomsUnder constructionCap rate
Jacksonville Beachessubmarket$215.3766.0%$142.18+1.5%10,23590 rooms7.8%
Jacksonville Bay Meadows/Butler Blvdsubmarket$109.6769.0%$75.69−1.5%8,544545 rooms8.1%
Jacksonville/Airportsubmarket$111.1164.5%$71.66−2.6%7,739284 rooms7.9%
Jacksonville Other Areassubmarket$98.3762.4%$61.38−6.9%5,827–8.8%

Source: CoStar, Florida Hospitality market and submarket data, Jacksonville metro, 12 months to September 2026 (monthly series, retrieved November 2026). Average daily rate, occupancy and RevPAR, trailing 12 months; inventory in rooms. Sales volume and transactions are trailing 12 months. Analysis and commentary by GoCommercial.

Questions

Frequently asked

Who at GoCommercial covers Jacksonville?
Our North Florida team, working from the Compass office at 601 A1A North in Ponte Vedra Beach. A senior principal handles every Jacksonville engagement personally, from valuation to closing, backed by Compass's 15 Florida offices and a national network licensed in all 50 states. Firmwide, GoCommercial has transacted in 37 of Florida's 67 counties.
Do you cover St. Augustine, Orange Park and Fernandina Beach?
Yes. Duval, St. Johns, Clay, Nassau and Baker counties are all covered by the North Florida team.
Why list a Jacksonville property with a statewide firm?
Because the buyer is increasingly from outside the market. Our statewide database and the Compass national network reach capital that local listings do not.

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