• Miller Electric occupied 123,000 sq. ft. at 6805 Southpoint during the first quarter of 2019.
  • Net absorption for Q1 2019 was 118,985 sq. ft.
  • The vacancy rate in Q1 2019 rose 20 basis points (bps) year-over-year to 14.8%.
  • The average asking rate for Q1 2019 was $19.97 per sq. ft., a gain of 4.0% year-over-year.
  • Business development activity and employment growth are anticipated to continue bolstering the Jacksonville office market.