Q2 2020 demand for office space remained positive, totaling 36,111 sq. ft.

 

The direct average asking lease rate remained flat closing this quarter at $20.08 per sq. ft., representing a year-over-year increase of 0.7%.

 

Two speculative office buildings totaling 187,751 sq. ft. started construction in St. Johns County during Q2 2020.

 

Investment sales transactions totaled $59.7 million across roughly 383,000 sq. ft.