“2023 noticed a drop in transactions because the market responded to drastic will increase in rates of interest, insurance coverage premiums, and working bills, whereas additionally navigating the inflow of latest provide. With the expectation of rate of interest reductions and a stabilization of insurance coverage markets in 2024, deal quantity is anticipated to bounce again. A swiftly diminishing growth pipeline and the nation’s fastest-growing employment base give Jacksonville good footing to take care of its robust efficiency in comparison with most different U.S. markets.”
