Jacksonville, FL Office Overview
Jacksonville city proper includes the Baymeadows Center, Southbank, and Deercreek office submarkets. With a metropolitan population of nearly 1.5 million people, the economy in Jacksonville is largely driven by the defense and transportation sectors that increasingly create an ever growing demand for Class A office space in the metropolitan area.
As of mid-2017, the Greater Jacksonville office market encompasses over 28 million square feet of existing office space in properties larger than 50,000 square feet. Located in Northeastern Florida, Jacksonville is the third-largest seaport in the State of Florida and is the financial center of North Florida.
Jacksonville, FL Office Inventory Description
Jacksonville is home to the third-largest military presence in the country, right behind San Diego and Norfolk, Va. With a gross metropolitan product of over $68 billion annually, there is strong demand for Class A office space in the Jacksonville regional area. Nearly 64% of the office space in Jacksonville is Class A or A+, with Class B product adding an additional 35% of office inventory to the Jacksonville commercial real estate market.
Some of the most robust demand for Class A office space in Jacksonville is seen in the Northbank office submarket. Located along the St. Johns River, between Jefferson Street and the State Route 1 interchange, portfolio properties such as the Wells Fargo Center, EverBank Center, and the One Enterprise Center at 225 Water Street can be found.
Jacksonville, FL Commercial Inventory Breakdown
Office Spaces
Total: 34,819,375 SF
By square footage range:
- 50k to 100k SF: 7,298,200 SF / 20.96% of total office
- 100k to 500k SF: 22,211,250 SF / 63.79% of total office
- 500k to 1M SF: 5,309,925 SF / 15.25% of total office
By class:
- Class A: 18,965,902 SF / 54.47% of total office
- Class B: 13,861,349 SF / 39.81% of total office
- Class C: 598,008 SF / 1.72% of total office
Top 10 Largest Office Buildings
in Jacksonville
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| EverBank Center | 301 West Bay Street, 32202 | 956,201 | 1983 |
| Bank of America Tower | 50 North Laura Street, 32202 | 724,852 | 1990 |
| Park Place at Nocatee | 245 Nocatee Center Way, 32256 | 675,000 | n/a |
| 701 San Marco Blvd | 701 San Marco Blvd, 32207 | 658,822 | 1985 |
| Wells Fargo Center | 1 Independent Drive, 32202 | 648,313 | 1975 |
| Eight Forty One | 841 Prudential Drive, 32207 | 593,185 | 1955 |
| Blue Cross Blue Shield Building | 532 Riverside Avenue, 32202 | 550,000 | 1950 |
| 14000 Citicards Way | 14000 Citicards Way, 32258 | 503,552 | 2004 |
| The Shipyards Jacksonville | NEC Franklin Street & East Adams Street, 32202 | 500,000 | n/a |
| 601, 661 Riverside Avenue & 561, 599 Computer Power Place | 601 Riverside Avenue, 32204 | 475,986 | 1952 |
Most Recently-Built Office Buildings
in Jacksonville
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Town Center One | 5555 Gate Pkwy, 32256 | 161,224 | 2018 |
| The Offices at Flagler Center | 14785 Flagler Center Blvd, 32258 | 50,010 | 2018 |
| 14701 Philips Hwy | 14701 Philips Hwy, 32256 | 45,000 | 2018 |
| Hodges Commons | 4796 Hodges Blvd, 32224 | 25,884 | 2018 |
| Baptist North Medical Campus | 11236 Baptist Health Drive, 32218 | 58,000 | 2016 |
| 10426 Alta Drive | 10426 Alta Drive, 32226 | 50,671 | 2016 |
| Fremount Business Center | 7768 Ozark Drive, 32256 | 28,870 | 2016 |
| Jessie Ball duPont Center | 40 East Adams Street, 32202 | 128,375 | 2015 |
| Gate Professional Center | 7741 Point Meadows Drive, 32256 | 27,872 | 2015 |
| UF Health Jacksonville North | 15255 Max Leggett Pkwy, 32218 | 210,000 | 2014 |
Jacksonville, FL Green Office Space
Through mid-year 2017, nearly 38% of the commercial office buildings that are larger than 50,000 square feet are classified as green or energy efficient buildings. Back in 2005 this percentage was less than 5%, showing a marked increase in just a few years.
The 2017 National Green Building Adoption Index surveyed the top 30 U.S. markets for energy efficient properties. To date, Jacksonville hasn't yet made the list, but with numerous LEED certified projects underway both the availability and demand for green office property in the city is growing.
One example of an energy efficient, LEED-certified office building in Jacksonville, FL is Waterview I & II on Deerwood Park Boulevard. Located in the Deerwood neighborhood of the city, with nearly 170,000 square feet of space this Class A office property was built in 2002 and was awarded a LEED Silver certified rating.
Jacksonville, FL's Top Office-Using Sectors
Demand for office space and commercial real estate in Jacksonville, FL is driven by an energetic mix of business and industry including banking & financial services, transportation & logistics, defense, and Fortune 500 companies.
- EnergyBanking & Financial Services – EverBank, America Bancorp, Atlantic Coast Financial, and VyStar Credit Union are a few of the financial service businesses that generate demand for white collar office employment in Jacksonville.
- EnergyTransportation & Logistics – CSX Corporation and RailAmerica are just two examples of businesses that benefit from the Port of Jacksonville seaport and the shipping hub of the Jacksonville International Airport.
- EnergyDefense – Office demand in the city is also driven by the countless businesses that service the Naval Submarine Base, the Naval Air Station, and the Naval Station Mayport in the Jacksonville region.
- EnergyFortune 500 Headquarters – Demand for Class A office space in Jacksonville is also created by the numerous corporate head offices in the city, including Fidelity National Financial, Interline Brands, and Southeastern Grocers.
Jacksonville Demographics
Population
- Total Population867,313
- Male Population(48.4 %) 419,756
- Female Population(51.6 %) 447,557
- Median Age35.80
Income/Financial
- Average Household Income$68,733
- Median Household Income$50,555
- Median Income Under 25$28,807
- Median Income 25-44$52,711
- Median Income 45-64$59,367
- Median Income Over 65$39,336
- Avenues Demographics
- Bartram Springs Demographics
- Baymeadows Demographics
- Baymeadows Center Demographics
- Brooklyn Demographics
- Cypress Village Demographics
- Deercreek Demographics
- Deerwood Demographics
- Deerwood Center Demographics
- Hogan's Creek Demographics
- LaVilla Demographics
- Mandarin Demographics
- Northbank Demographics
- Pickwick Park Demographics
- Regency Demographics
- Riverside Demographics
- Royal Lakes Demographics
- San Marco Demographics
- Sans Souci Demographics
- Secret Cove Demographics
- Southbank Demographics
- Southpoint Demographics
- Spring Park Demographics
- Springfield Demographics
- St. Nicholas Demographics
- West Arlington Demographics
- Windsor Parke Demographics
- Windy Hill Demographics
News
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The U.S. office market is one of the most expensive in the world, and a top destination for national and offshore investors alike. It’s no wonder then that office assets in the States fetch exorbitant prices and investors continue to pump capital into developing bigger and better office buildi...
Cities near Jacksonville, FL
- Bellair - Meadowbrook Terrace Office Space
- Fernandina Beach Office Space
- Fleming Island Office Space
- Jacksonville Beach Office Space
- Lakeside Office Space
- Middleburg Office Space
- Nocatee Office Space
- Orange Park Town Office Space
- Palm Valley Office Space
- Ponte Vedra Office Space
- St. Johns Office Space
- World Golf Village Office Space
- Yulee Office Space
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Jacksonville, FL zip codes
- 32202 Office Space
- 32204 Office Space
- 32205 Office Space
- 32206 Office Space
- 32207 Office Space
- 32209 Office Space
- 32210 Office Space
- 32211 Office Space
- 32216 Office Space
- 32217 Office Space
- 32218 Office Space
- 32223 Office Space
- 32224 Office Space
- 32225 Office Space
- 32226 Office Space
- 32244 Office Space
- 32246 Office Space
- 32250 Office Space
- 32254 Office Space
- 32256 Office Space
- 32257 Office Space
- 32258 Office Space
- 32277 Office Space
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Neighborhoods
- Arrowhead Office Space
- Avenues Office Space
- Bartram Springs Office Space
- Baymeadows Office Space
- Baymeadows Center Office Space
- Brooklyn Office Space
- Cypress Village Office Space
- Deercreek Office Space
- Deerwood Office Space
- Deerwood Center Office Space
- Hogan's Creek Office Space
- LaVilla Office Space
- Mandarin Office Space
- Northbank Office Space
- Pickwick Park Office Space
- Regency Office Space
- Riverside Office Space
- Royal Lakes Office Space
- San Marco Office Space
- Sans Souci Office Space
- Secret Cove Office Space
- Southbank Office Space
- Southpoint Office Space
- Spring Park Office Space
- Springfield Office Space
- St. Nicholas Office Space
- West Arlington Office Space
- Windsor Parke Office Space
- Windy Hill Office Space
- Woodland Acres Office Space
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Cities near Jacksonville, FL
- Bellair - Meadowbrook Terrace Commercial Real Estate
- Fernandina Beach Commercial Real Estate
- Fleming Island Commercial Real Estate
- Jacksonville Beach Commercial Real Estate
- Lakeside Commercial Real Estate
- Middleburg Commercial Real Estate
- Nocatee Commercial Real Estate
- Orange Park Town Commercial Real Estate
- Palm Valley Commercial Real Estate
- Ponte Vedra Commercial Real Estate
- St. Johns Commercial Real Estate
- World Golf Village Commercial Real Estate
- Yulee Commercial Real Estate
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