Florida Employment Report | July 2020

Florida continues to see improvement on the job front over the summer. Florida lost 1,178,100 jobs from February to April 2020 and has since gained back almost half of the jobs lost, +572,200 jobs. On a month-to-month basis, payrolls increased by 101,000 jobs in July while the unemployment rate increased 1,000 basis points to 11.3%. The[…]

Midyear 2020 Florida Investment Sales Industrial Report Card

Florida experienced a 12.8% YOY decrease in industrial investment sales through the first half of 2020. Orlando and Miami were the only markets to experience an increase at the mid year, up 104.4% and 29.2% respectively on sales that hit in the first quarter. All markets experienced a substantial decrease in sales during the second[…]

Sam’s Club Tests Retail Space at eCommerce Fulfillment Center

Sam’s Club last week reintroduced retail space to a former store in Tampa, Florida that the company had converted to an eCommerce fulfillment site, according to local reports. The store shuttered last January as part of the company’s sweeping closures and began filling online orders several months later. The retail space, located in what was[…]

Jacksonville ranks #1 for large cities

Axios recently published an article ranking the top 5 Counties for attracting job talent based on population. Duval County, Florida (Jacksonville) ranked number 1! The article notes that Jacksonville’s job growth has been bolstered by the introduction of Amazon and Wayfair distribution centers. Read the full article here! 

2019 Industrial Logistics Report

Cushman & Wakefield’s Florida Industrial Logistics Report explores the state’s unique network for moving goods from entry points to markets. The report also explores how Florida’s combination of ports, rail lines and highway systems play an integral part in supply chains that service customers. We follow a by the numbers approach in the report that[…]

Economist: Jacksonville industrial market is ‘as close to a can’t miss as there is’

“Economists love to predict recessions,” admits Kevin Thorpe, chief economist and global head of research for Cushman & Wakefield. “The running joke is we were successful predicting nine of the last four,” he said Thursday at a NAIOP Commercial Real Estate Development Association Northeast Florida Chapter luncheon. Actually, most economists are “pretty optimistic about this[…]

2Q18 Jacksonville MarketBeat Reports

Strong Market Fundamentals The Jacksonville Metropolitan Statistical Area (MSA) saw significant job growth in the second quarter of 2018. The region continued to be a magnet for business relocations and expansions which fueled solid gains in population. The unemployment rate fell to 3.2% in May, down -70 basis points (bps) over the last 12 months[…]

FL TEAM REPS SELLER IN $48M JACKSONVILLE SALE

Tampa’s Mike Davis and Rick Brugge, along with Jacksonville’s Karl Johnston and Tyler Newman, and Michael Lerner of Orlando, represented GIV Imeson, LLC in the sale of Jacksonville’s largest commercial building, One Imeson Distribution Center. The two-story, 1,701,684-square-foot (sf) distribution and office building sold for $47.75 million. Totaling 72.5 acres, the property also includes a 12.3-acre container storage area, as well as a[…]

Florida Labor Analytics Report

Florida Warehouse Worker In this report, Cushman & Wakefield analyzes labor costs and availability for warehouse workers in Florida. It also highlights the challenges many firms face in hiring and retaining employees. Florida’s elevated population and job growth rates support a rising consumer market making it a magnet for expansion by eCommerce companies which today[…]

Cushman & Wakefield’s 2018 Florida Population Report Predicts Top Growth Markets

ORLANDO, February 22, 2018 – Cushman & Wakefield has released its 2018 Florida Population Reports, which detail projected population growth statewide and in nine major markets throughout Florida. The overall report predicts that Florida’s population will increase by just over 450,000 people in 2018, as compared to 430,000 in 2017. In the next five years,[…]

Record-setting cargo moved through Jacksonville Port Authority terminals

Aided by a rising economic tide, the Jacksonville Port Authority posted record numbers for shipping automobiles and cargo containers during the fiscal year that ended Sept. 30. The port authority’s terminals broke through the 1 million mark for cargo container units, posting a 7-percent annual increase in shipments of the metal boxes that contain a[…]

2017 Florida Logistics Report

Cushman & Wakefield has released it’s second annual Florida Industrial Logistics Report highlighting Florida’s major logistics markets. Florida’s logistics network services the 3rd most populous and the 8th most dense state in the nation. It is at the crossroads of growing north-south and east-west trade lanes, which will have access to more than 1.0 billion consumers[…]

Last Mile: Devouring the Consumer

Cushman & Wakefield pulled together a graphic highlighting why Florida is the ideal location for e-commerce business. E-commerce and the growth of online shopping is changing the retail landscape and the development of the last mile supply chain strategy is driving efficiences and disrupting traditional business models. Florida is a prime location for e-commerce tenants.[…]