Jacksonville Retail Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, Matthews
Quarterly retail market indicators for Jacksonville, aggregated by CREhunt from Cushman & Wakefield, Matthews. As of Q2 2026, average asking rent was $25.19/SF/yr and vacancy was 5.2%, per Cushman & Wakefield.
Projected current retail pricing — Jacksonville
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 Cushman & Wakefield data (cap rate 7.1%, asking rent held flat). Assumes ~95% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $25.19/SF/yr | 5.2% | 157K SF | 40 SF | Cushman & Wakefield |
| Q1 2026 Matthews | $26.12/SF/yr | 4.9% | 92K SF | — | Matthews |
| Q1 2026 Cushman & Wakefield | $26.08/SF/yr | 5.1% | — | — | Cushman & Wakefield |
| Q4 2025 Cushman & Wakefield | $25.60/SF/yr | 4.8% | 56K SF | 82K SF | Cushman & Wakefield |
Retail asking rents by submarket
The newest asking rent a named brokerage's report published for each Jacksonville retail 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 | $21.64/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Baker County | $17.72/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Beaches | $31.39/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Butler/Baymeadows | $36.72/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Downtown Northbank | $17.53/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Downtown Southbank | $26.70/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Mandarin | $29.70/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Nassau County | $24.35/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northeast Jacksonville | $24.95/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northwest Jacksonville | $16.84/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Orange Park/Clay County | $26.09/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Riverside | $23.92/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| San Marco | $22.46/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southside | $27.28/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| St Johns County | $30.55/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
Frequently asked questions
- What is the average asking rent for retail space in Jacksonville?
- As of Q2 2026, the average asking rent for retail space in Jacksonville was $25.19/SF/yr, per Cushman & Wakefield.
- What is the retail vacancy rate in Jacksonville?
- The retail vacancy rate in Jacksonville was 5.2% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Jacksonville market data come from?
- This report aggregates quarterly retail market data for Jacksonville from Cushman & Wakefield, Matthews.