The recent momentum of the Downtown Jacksonville office submarket can be characterized “as one step forward, one step back.”
Encouraging announcements have been mitigated by corporate departures and downsizes from Downtown over recent years contributing to a fairly stagnant overall market condition.
However, while there are a handful of properties that do currently have a significant amount of vacant space, there are just as many office buildings that are benefiting from healthy occupancies leading to a disparate status throughout the Downtown market.