JACKSONVILLE INDUSTRIAL MARKET TRUTH The Market Isn't Standing Still

https://www.matthews.com/insights/jacksonville-industrial-q1-26 Most people are reading Jacksonville’s industrial market wrong right now. Vacancy is up. New supply hit. And the assumption is simple: Demand is slowing. It isn’t. Jacksonville has entered a supply digestion phase, not a demand contraction. Following a wave of 2025 deliveries totaling over 5M SF, vacancy has increased- but leasing activity and rent levels remain intact. Leasing activity remains strongest in the 5

Jacksonville’s industrial market continues to demonstrate long-term strength, even as short-term conditions shift. Q2 2025 data shows a market that is absorbing significant new supply while remaining fundamentally supported by infrastructure investment, port activity, and population growth. Over the past five years, Jacksonville has added more than 20 million square feet of industrial space. That pace of development has naturally introduced friction into the market, with vaca