As migration to the Southeast continues, retail real estate in Jacksonville remains intensely competitive. Demand continues to significantly outpace supply as vacancy rates sit at historic lows and factors such as supply chain delays and increased construction costs slow the pace of new development. Despite these tight conditions, retail leasing and investment sales activity is expected to push forward throughout 2023.
Explore our Q4-22 report to learn about the data, trends and opportunities driving the Jacksonville retail market.
