Jacksonville Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, CBRE
Quarterly office market indicators for Jacksonville, aggregated by CREhunt from Cushman & Wakefield, CBRE. As of Q2 2026, average asking rent was — with a 20.5% vacancy rate.
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 Q1 2026 asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent trend-adjusted to today). Assumes ~92% occupancy (vacancy not reported) and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 | — | 20.5% | 0K SF | 2K SF | Cushman & Wakefield |
| Q1 2026 | $22.75/SF | 20.0% | 2K SF | — | Cushman & Wakefield |
| Q1 2026 | $23.67/SF | 24.2% | — | — | CBRE |
| Q4 2025 | — | 22.6% | 2K SF | — | Cushman & Wakefield |
| Q3 2020 | — | — | 0K SF | — | Cushman & Wakefield |
| Q2 2020 | — | — | 0K SF | — | Cushman & Wakefield |
How the brokerage sources compare
For Q1 2026, the brokerages CREhunt aggregates for Jacksonville office did not fully agree. On vacancy, the sources span 4.2 points — from 20.0% (Cushman & Wakefield) to 24.2% (CBRE). Asking-rent estimates differ by $0.92/SF — from $22.75 to $23.67. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| CBRE | 24.2% | $23.67/SF | — |
| Cushman & Wakefield | 20.0% | $22.75/SF | — |
Per-brokerage figures for Q1 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for office space in Jacksonville?
- CREhunt aggregates office asking-rent data for Jacksonville from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the office vacancy rate in Jacksonville?
- The office vacancy rate in Jacksonville was 20.5% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Jacksonville market data come from?
- This report aggregates quarterly office market data for Jacksonville from Cushman & Wakefield, CBRE.
- How much do brokerage estimates differ for office space in Jacksonville?
- For Q1 2026, the brokerage sources CREhunt aggregates for Jacksonville did not fully agree. On vacancy, the sources span 4.2 points — from 20.0% (Cushman & Wakefield) to 24.2% (CBRE). Asking-rent estimates differ by $0.92/SF — from $22.75 to $23.67. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.