JACKSONVILLE

...anticipated downturn... should have a dampening effect over all the property sectors. Contractions... should be minimal with some sectors… experiencing growth during this period

Increases in office using employment is expected… but net absorption should lag supply during this period. This lag will pull rents down slightly and help push vacancy figures higher…

An expanding port... concerted focus on growth... positioned... to be a large international industrial player… net absorption down… but rents… to continue their precipitous rise…

...growth in population and personal income… expect to see consistent new supply as the sector repositions and evolves for today’s consumer.

...strong demographics... gains in personal income... coupled with employment and population increases. New deliveries… to push vacancy higher but... support effective rent growth…

...one of the nation’s largest supply growth percentage... demand is expected to outpace supply... increased development in the coming years will inhibit RevPAR growth.