In the second quarter of 2020, we saw an increase in investment sales activity, especially towards the end of the quarter, as buyers and sellers adjust to the new environment. The industrial and multi-family sectors continue to see the most interest, but we are also seeing activity in office and retail, especially among single tenant credit deals. Investors hunt for yield remains strong with the 10-year treasury rate remaining below 0.75%. With the uncertainty surrounding this year’s election cycle and the possibility of significant changes to the tax code, we expect to see an increase in transactions through the end of the year.
Featured in this quarter’s Jacksonville Market report:
- Read exclusive insights from NAI Hallmark brokers on Jacksonville’s biggest sectors.
- Learn about the major leases and sales closed over the last quarter.
- See tables and graphs of historical asking rates, vacancy rates, and absorption.
- Discover what big news is happening in the coming months.