Ryan Montour

The Jacksonville retail market remains on very solid footing. The current vacancy rate of 4.2% is at or near an all-time low, while the average market rent of $17.45 is within $0.30 of the high seen in mid-2008. Perhaps more importantly, construction remains far below pre-recession levels.

Currently there are only 600,000 ± square feet of retail under construction in the Jacksonville metro area.