Jacksonville, FL Commercial Real Estate Market Trends & Data

What Are Current Commercial Real Estate Benchmarks in Jacksonville?

Jacksonville commercial properties are averaging $340 per square foot to buy and $5,026 per square foot to lease, with cap rates near 7.01% across asset types. The data below covers sale prices, lease rates, cap rates, and building sizes by property type to support early-stage market evaluation.

Explore Commercial Properties in Jacksonville

Browse properties currently for sale or lease to see how local market pricing and building sizes translate into real opportunities.

 

Jacksonville's Demographic Profile

Jacksonville has 396,552 households and a median income of $60,187, providing context for rent absorption and tenant demand across retail and multifamily assets. A 5% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metrics Value
Population 994,470
# Households 396,552
Median age 38
Median household income $60,187
Avg household size 2
Renter-occupied housing units 176,631
5-year population change 5%

Commercial Real Estate Market Snapshot in Jacksonville

Use the benchmarks below to set initial underwriting baselines for Jacksonville, typical deal size, entry costs, and cap rate ranges by asset type before evaluating individual listings.

Key Market Metrics Value
Avg asking sale price $340 per SF
Avg asking lease rate $5,026 per SF
Avg unit size for lease 31,506 SF
Avg building size for sale 20,955 SF
Average cap rate 7.01%

The 7.01% average cap rate reflects current return expectations relative to Jacksonville pricing and deal scale. Use this alongside asking prices and lease rates to establish initial underwriting assumptions.

 

Commercial Properties For Sale In Jacksonville

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Baymont by Wyndham Jacksonville Airport

Jacksonville, FL 32218

  • 97,130 SF Hospitality
  • Auction Sale
For Sale

Shovel-Ready Self-Storage Site

Jacksonville, FL 32277

  • 2.06 AC Lot
  • 1 Commercial Lot
  • $1,500,000
For Sale

Elliott Electric Supply

Jacksonville, FL 32256

  • 40,128 SF Industrial Building
  • 5.55% Cap Rate
  • $9,500,000
For Sale

Building 800

Jacksonville, FL 32256

  • 5,858 SF Office Building
  • $897,000
For Sale

729 Edgewood Ave S

Jacksonville, FL 32205

  • 9,872 SF Retail Building
  • $1,500,000
For Sale

205 11th Ave N Jacksonville Beach, FL 32250

Jacksonville Beach, FL 32250

  • 3,018 SF Multifamily
  • $1,295,000
For Sale

0 Normandy Blvd

Jacksonville, FL 32234

  • 3.16 AC Lot
  • 1 Commercial Lot
  • $470,000
For Sale

Four Points by Sheraton Jacksonville Baymead

Jacksonville, FL 32256

  • 27,905 SF Hospitality
  • $9,600,000

 

Commercial Market Metrics by Property Type

Office Building Market Metrics Near Jacksonville

Office market metrics highlight how pricing, typical deal size, and return expectations vary across submarkets, helping investors compare entry costs and yield potential efficiently.

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Jacksonville $269 17,574 SF 10.22%
Orange Park $216 10,620 SF 6.00%

 

Retail Property Market Metrics Near Jacksonville

Retail pricing varies widely across nearby markets, making this comparison useful for identifying where cost per square foot and deal size diverge most.

Nearby Retail Markets Avg Cost/SF Typical Size
Jacksonville $430 12,120 SF
Middleburg $336 2,630 SF
Yulee $499 12,447 SF
Fernandina Beach $368 6,181 SF
Ponte Vedra $435 1,408 SF

 

How Investors Evaluate Commercial Real Estate Markets in Jacksonville

Use these tools to move from market-level signals to deal-level math. Each calculator helps translate Jacksonville pricing, rents, and building size into concrete metrics like value, income, and space requirements, so you can validate assumptions before spending time on individual listings.

 

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Jacksonville pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Jacksonville $347 21,502 SF
Orange Park $304 24,717 SF
Fleming Island $226 10,338 SF
Middleburg $255 7,891 SF
Callahan $1,297 5,689 SF

Multifamily For Sale In Jacksonville

Multifamily listings shown here connect market pricing and cap rate patterns with income-producing opportunities currently available.
For Sale

Sandpiper

Jacksonville Beach, FL 32250

  • 15,068 SF Multifamily
  • 10.00% Cap Rate
  • $559,900

Regional Demographic Comparison

This comparison places Jacksonville alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Jacksonville or distributed across surrounding areas.

City Population # Households Age MedianHouseholdIncome AvgHouseholdSize RenterOccupiedHousingUnits FiveYrPopGrowthPct
Jacksonville 994,470 396,552 38 $60,187 2 176,631 5%
Orange Park 9,229 3,716 48 $76,467 2 1,603 10%
Baldwin 1,628 660 40 $45,375 3 234 7%
Fleming Island 29,217 10,922 46 $111,042 3 2,343 7%
Middleburg 13,967 5,054 43 $69,361 3 861 8%

FAQs About Commercial Investing in Jacksonville

View All Commercial Real Estate For Sale in Jacksonville
Is Jacksonville a good market for a first-time commercial real estate investor?

Jacksonville offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Jacksonville?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Jacksonville. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Jacksonville?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Jacksonville. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Jacksonville compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Jacksonville. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Jacksonville acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Jacksonville, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.