By Bryce Meyers
CoStar
August 9, 2013
During the second quarter 2013, three buildings totaling 51,211 square feet were completed in the Jacksonville market area.
This compares to one building totaling 6,390 square feet that were completed in the first quarter 2013, five buildings totaling 83,423 square feet completed in the fourth quarter 2012, and 13,000 square feet in one building completed in the third quarter 2012.
There were 14,902 square feet of office space under construction at the end of the second quarter 2013.
Some of the notable 2013 deliveries include: 7826 Ozark Dr, a 31,650-square-foot facility that delivered in second quarter 2013 and is now 100% occupied, and 1865 Lime St - Phase 2, a 11,300-square-foot building that delivered in second quarter 2013 and is now 81% occupied.
The largest projects underway at the end of second quarter 2013 were 13794 Beach Blvd, a 6,295-square-foot building with 100% of its space pre-leased, and 5921 Collins Rd, a 6,000-square-foot facility that is 50% pre-leased.
This trend is compared to U.S. National Office deliveries and construction, which saw 219 buildings totaling 10.26 million square feet complete construction, with an additional 71.06 million square feet of office space still under construction at the end of the second quarter. A 685,000-square-foot facility at 200 S 108th Ave. in the Omaha/Council Bluffs market delivered, while the 3.02 million-square-foot One World Trade Center in New York City is still underway. Total office inventory in the U.S. market area totaled 10.34 billion square feet in more than 493,000 buildings at the end of the second quarter 2013, including almost 20,000 owner-occupied buildings accounting for 879.9 million square feet.
This compares to one building totaling 6,390 square feet that were completed in the first quarter 2013, five buildings totaling 83,423 square feet completed in the fourth quarter 2012, and 13,000 square feet in one building completed in the third quarter 2012.
There were 14,902 square feet of office space under construction at the end of the second quarter 2013.
Some of the notable 2013 deliveries include: 7826 Ozark Dr, a 31,650-square-foot facility that delivered in second quarter 2013 and is now 100% occupied, and 1865 Lime St - Phase 2, a 11,300-square-foot building that delivered in second quarter 2013 and is now 81% occupied.
The largest projects underway at the end of second quarter 2013 were 13794 Beach Blvd, a 6,295-square-foot building with 100% of its space pre-leased, and 5921 Collins Rd, a 6,000-square-foot facility that is 50% pre-leased.
This trend is compared to U.S. National Office deliveries and construction, which saw 219 buildings totaling 10.26 million square feet complete construction, with an additional 71.06 million square feet of office space still under construction at the end of the second quarter. A 685,000-square-foot facility at 200 S 108th Ave. in the Omaha/Council Bluffs market delivered, while the 3.02 million-square-foot One World Trade Center in New York City is still underway. Total office inventory in the U.S. market area totaled 10.34 billion square feet in more than 493,000 buildings at the end of the second quarter 2013, including almost 20,000 owner-occupied buildings accounting for 879.9 million square feet.
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