Jacksonville Industrial Market Cools Amid Tariff Fears
Key Takeaways Jacksonville's industrial market is experiencing a slowdown, with influences from global trade uncertainties. Despite stable rental rates, the vacancy rate has increased to 6.9%, reflecting an accumulation of 2.7 million square feet of unoccupied space near the St. Johns River. Tariff fears are causing both investors and tenants to reconsider expansion plans, affecting the once-thriving market. Influences Affecting Jacksonville's Industrial Sector Jacksonville's industrial market is cooling, overshadowed by tariff fears. Rental rates remain steady, but vacancy rates have climbed to 6.9%. This is bolstered by a stagnant 2.7 million square feet of unoccupied space near the St. Johns River. The impact of global trade uncertainties leaves investors and tenants wary. Tariff effects ripple through the area, causing reconsideration of expansion plans. Explore further to uncover the factors shaping this once-thriving market. Jacksonville Industrial Market Challenges A...