• Year-to-date absorption remains positive in an active year for the office market.
  • The average asking rate for Q3 2019 was $19.97 per sq. ft., which represents a gain of 0.7% year-over-year.
  • Roughly 1.8 million sq. ft. of class A and B office space is in the development pipeline through 2022.
  • The sale of investment-grade office properties rose during Q3 2019.
  • Business development activity is anticipated to continue bolstering the Jacksonville office market.