Jacksonville Commercial Real Estate Market Ranked Last

Jacksonville, Florida's commercial property market ranked the lowest in the country this quarter, according to Moody's Investors Service.

Jacksonville's vacancy rate for the central business district jumped to 21.3 percent from 18 percent last quarter. Moody's considered 70 areas in ranking cities in terms of supply and demand for commercial real estate.

Joining Jacksonville as the worst commercial property markets were Hartford, CT, Trenton, NJ, Atlanta, GA and Las Vegas, NV. The top five markets were Los Angeles, CA, New York, NY, Orange County, CA, Honolulu, HI and Washington DC.

Source: Commercial Real Estate News