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Regional Summaries

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Jacksonville, FL

Apartment
Jacksonville’s apartment market vacancy rate closed 2017 at just 4.0%, lowest on Reis’s records for this market since 2005, down 20 basis points for the period and down 90 for the year—following 2016’s 100-basis-points decline. With non-completions and negligible net absorption, data for January 2018 showed no additional change in the rate. Rates of rent growth have run strong since 2015. At $969 and $935 per month, respective fourth quarter mean asking and effective rates were up 3.7% and 3.4% year-over-year in the wake of gains at 3.9% and 4.0% in 2016. Gains for the fourth quarter of 2017 were 0.6% and 0.9%. January 2018 brought increases of 0.5% to both rates. VIEW APARTMENT LISTINGS >
Industrial
JacksonvilleÂ’s warehouse/distribution sector vacancy ended 2017 at 10.9%, up 40 basis points for the period and down 140 for the year following 2016Â’s 120-basis-points decline. At $3.93 psf and $3.62 psf, respective fourth quarter average asking and effective rents, quite low by national norms for this property type, were up 3.1% and 3.4% for the year after 2016Â’s increases of 2.4% and 2.6%. Gains for the fourth quarter alone were 0.8% and 1.1%. January brought gains of 0.3% (a penny apiece) to both averages, while the vacancy rate remained unchanged. VIEW INDUSTRIAL LISTINGS >
Office
Vacancy in the Jacksonville general purpose, multi-tenant office market closed the fourth quarter of 2017 at 22.2%, a high rate to be sure but down 40 basis points for the period and down 20 for the year—following a loss of 50 through 2016. A modest slowdown in rent growth took place in 2017. At $19.57 psf and $15.36 psf, respective average asking and effective lease rates for the fourth quarter, quite low by norms for major national markets, represented year-over-year gains of 1.9% and 2.1% for 2017 following increases of 2.2% and 2.3% in 2016. Gains for the fourth quarter alone were 0.5% and 0.6%, to which January showed no notable changes amid a flat performance of supply and demand. VIEW OFFICE LISTINGS >
Retail
JacksonvilleÂ’s community-neighborhood shopping center market vacancy rate ended the fourth quarter of 2017 at 12.2%, down 10 basis points for both the period and year-over-year, following a loss of 40 in 2016. January followed with no change in the rate. At $16.26 psf and $13.41 psf, respective average asking and effective lease rates for the fourth quarter were up 1.6% and 1.7% for the year following 2016Â’s gains of 1.9% and 2.1%. Growth rates for the latest quarter alone were 0.3% each. Gains of 0.4% followed for both averages in January. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, inc.

Coldwell Banker Commercial® Reports

Opportunity Zones & Taxes

Opportunity Zones & Taxes

What are Opportunity Zones? The real estate industry is buzzing about this new program which allows private investment in country’s distressed communities. CBC brings you a quick overview to help you understand what they are and how investors can use them for their benefit.

Coldwell Banker Commercial® Blue Book

Coldwell Banker Commercial® Blue Book

The Coldwell Banker Commercial® (CBC) organization is proud to present its’ 2017 Year-End Blue Book!

The Blue Book is a helpful market report with information brought to you by the true “on the ground” experts – the professionals of the Coldwell Banker Commercial organization from all over the world.

CBC-affiliated professionals represent one of the largest commercial real estate footprints in the U.S.  The Blue Book brings their local market feedback directly to you with up-to-date commercial real estate research covering 130+ Primary, Secondary, Tertiary & International markets. If you are thinking of investing in alternative markets, the Blue Book is your go-to resource for local commercial real estate market data!

 CBC NRT NNN Investment Report

CBC NRT NNN Investment Report

This is a market report that Coldwell Banker Commercial NRT prepared for the CBC Global Conference. This report provides the 2018 forecast of net-lease properties and details why NNN properties remain well-positioned for continued success and growth in the coming months.

The U.S. Gulf Coast & Its Vital Interstate-10 Corridor

The U.S. Gulf Coast & Its Vital Interstate-10 Corridor

CBC Infographics

Shopping In-store vs. Online Shopping

Shopping In-store vs. Online Shopping

The retail industry is in the midst of epic change and while some predict the end of brick and mortar stores, a recent Coldwell Banker Commercial Affiliates survey conducted online by Harris Poll aimed to explore current shopper preferences and trends to determine the real state of commercial real estate today.

Commercial Real Estate & Technology: The Generational Divide

Commercial Real Estate & Technology: The Generational Divide

Infographic that addresses how each generation sees aspects like the adoption, use and importance of technology. Ultimately, each generations’ concerns come down to the impact that new technology will have on the industry.

The Growing Value of Digital Tools

The Growing Value of Digital Tools

Which digital tools do commercial real estate professionals value most, and what devices are they using to access them, and how are these professionals’ technology habits likely to change in the years to come?

Workers Prefer Dynamic and Efficient Office Space

Workers Prefer Dynamic and Efficient Office Space

As employers seek to define the workplace perks most likely to attract and retain employees, a recent Coldwell Banker Commercial Affiliates survey found that the physical office itself could keep staff happier.

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