The biggest issue facing the warehousing and logistics industry in Jacksonville today is the imbalance between supply and demand for warehouse space.
Post-COVID, the demand for warehouse space led to increased industrial development in the Jacksonville market.
While the city experienced record leasing of industrial space in 2022 and 2023, leasing activity was relatively weak in 2024 due to high interest rates and inflation. As a result, occupiers became cautious and largely paused new leasing in 2024, but new warehouses continued to be constructed.