Jacksonville Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from CBRE, Cushman & Wakefield
Quarterly office market indicators for Jacksonville, aggregated by CREhunt from CBRE, Cushman & Wakefield. As of Q2 2026, average asking rent was $23.54/SF/yr, per CBRE.
Projected current office pricing — Jacksonville
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Jacksonville office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 multiple brokerages asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent held flat). Assumes ~80% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 CBRE | $23.54/SF/yr | — | 2K SF | — | CBRE |
| Q2 2026 Cushman & Wakefield | $22.96/SF/yr | 20.5% | — | 2K SF | Cushman & Wakefield |
| Q1 2026 Cushman & Wakefield | $22.75/SF/yr | 20.7% | 90K SF | — | Cushman & Wakefield |
| Q1 2026 CBRE | $23.67/SF/yr | 24.2% | — | — | CBRE |
| Q4 2025 Cushman & Wakefield | $22.97/SF/yr | 22.6% | 53K SF | — | Cushman & Wakefield |
| Q3 2020 Cushman & Wakefield | $21.09/SF/yr | 16.4% | — | — | Cushman & Wakefield |
| Q2 2020 Cushman & Wakefield | $21.20/SF/yr | 16.7% | — | — | Cushman & Wakefield |
| Q1 2020 Cushman & Wakefield | $21.22/SF/yr | 14.6% | -116K SF | — | Cushman & Wakefield |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Jacksonville office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Arlington | $17.12/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Baymeadows | $20.41/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Beaches | $37.16/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| CBD | $24.46/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Clay County | $21.00/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Deerwood | $24.09/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Deerwood Park | $24.75/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| East Butler | $35.00/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| I-95 Corridor | $22.91/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Mandarin | $19.22/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Northbank | $24.38/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Northside | $17.14/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| South 95 Corridor | $24.50/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| South Duval/St. Johns | $23.34/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Southbank | $24.76/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Southpoint | $21.86/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Southside | $18.61/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| St. Johns County | $26.25/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Westside | $21.11/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for Jacksonville office did not fully agree. Asking-rent estimates differ by $0.58/SF/yr — from $22.96/SF/yr to $23.54/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| CBRE | — | $23.54/SF/yr | — |
| Cushman & Wakefield | 20.5% | $22.96/SF/yr | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for office space in Jacksonville?
- As of Q2 2026, the average asking rent for office space in Jacksonville was $23.54/SF/yr, per CBRE.
- What is the office vacancy rate in Jacksonville?
- Vacancy data for Jacksonville office is aggregated from brokerage reports; refer to the quarterly table for available quarters.
- Where does CREhunt's Jacksonville market data come from?
- This report aggregates quarterly office market data for Jacksonville from CBRE, Cushman & Wakefield.
- How much do brokerage estimates differ for office space in Jacksonville?
- For Q2 2026, the brokerage sources CREhunt aggregates for Jacksonville did not fully agree. Asking-rent estimates differ by $0.58/SF/yr — from $22.96/SF/yr to $23.54/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.