Vacancy sits at 6.6%, a decrease from last quarter driven primarily by Margo State
Line and Quiet Logistics occupying a combined total of 598,055 sq. ft. of space.

The sale of investment-grade properties in 2020 totaled approximately $442.7million across 6.1 million sq. ft compared to $579.9 million across 8.6 million sq. ft. during 2019.

According to the Bureau of Labor Statistics, the unemployment rate in October was 5.0%, a 220 bps increase year-over-year for Jacksonville. The rate is down from 11.2% in April 2020.