INDUSTRIAL MARKET OVERVIEW · BOBBY GATLING FIRST VICE PRESIDENT INDUSTRIAL MARKET OVERVIEW 2013 JACKSONVILLE OUTLOOK CONFERENCE CONTACT DETAILS: A: 10739 Deerwood Park Blvd, Ste.310

INDUSTRIAL MARKET OVERVIEW

2013 JACKSONVILLE OUTLOOK CONFERENCE

BOBBY GATLING

FIRST VICE PRESIDENT

INDUSTRIAL MARKET OVERVIEW 2013 JACKSONVILLE OUTLOOK CONFERENCE

CONTACT DETAILS: A: 10739 Deerwood Park Blvd, Ste.310 Jacksonville, FL 32256 T: 904.399.5222 F: 904-399-0330 E: [email protected] www. phoenixrealty.net

www. linkedin.com/bobbygatling


I. JACKSONVILLE INDUSTRIAL MARKET OVERVIEW

II. US INDUSTRIAL MARKET

& COMPETING MARKETS III. US INDUSTRIAL MARKET 2013 TRENDS

History of Jacksonville Industrial

Market

Jacksonville Industrial Submarkets

Completed Transactions 2012

TABLE OF CONTENTS

DISCUSSION POINTS

I. JACKSONVILLE INDUSTRIAL MARKET OVERVIEW

• HISTORY OF JACKSONVILLE INDUSTRIAL MARKET

• JACKSONVILLE INDUSTRIAL SUBMARKETS

• COMPLETED TRANSACTIONS 2012


INDUSTRIAL MARKET HISTORY

JACKSONVILLE, FL. SUBMARKET MAP

INDUSTRIAL SUBMARKETS

JACKSONVILLE MARKET SIZE - 4th QUARTER 2012


DOWNTOWN, 8%

NORTHSIDE, 22%

WESTSIDE, 42%

SOUTHSIDE, 22%

ORANGE PARK / CLAY,

4% ST. JOHNS, 2%

DOWNTOWN

NORTHSIDE

WESTSIDE

SOUTHSIDE

ORANGE PARK / CLAY

ST. JOHNS

SOURCE : PHOENIX REALTY GROUP

JACKSONVILLE SUBMARKET

APPROX. LEASE AND VACANCY RATES



6.4

14.9

6.1

10.3 10.1 10 9.2

$1.80

$3.95 $3.52

$4.17

$3.50

$4.75

$3.98

0

2

4

6

8

10

12

14

16

DOWNTOWN NORTHSIDE WESTSIDE SOUTHSIDE ORANGE PARK CLAY COUNTY

ST. JOHNS COUNTY

JACKSONVILLE

Vacancy % Avg. Lease Rate PSF/NNN

2012 SIGNIFICANT TRANSACTIONS

EXISTING FACILITIES

JANPAK Brokers: Phoenix Realty & JLL Leased: 84,244 SF 6600 Pritchard Road

SAMSUNG Brokers: CBRE Leased: 140,000 SF 12400 Presidents Court

SAM’S CLUB Brokers: Phoenix Realty & Colliers Int. Leased: 130,000 SF 2562 Cabot Commerce Dr.

UNION SUPPLY Brokers: Cushman & Wakefield McKinney Advisory Group Inc. Leased: 146,280 SF 13903 Alvarez Rd.

COFE PROPERTIES Brokers: Phoenix Realty & CBRE SOLD BY: Mercedes Benz USA 8813 & 8873 Western Way

BEDROSIAN Brokers: CBRE & Addison Commercial SOLD BY: Baycenter Rd. - 321,000 SF 8313 Baycenter Road

DALFEN AMERICA Brokers: Phoenix Realty SOLD BY: W.P CAREY 10089 N. Main St.


GLOBAL INCOME TRUST Brokers: CBRE Purchased a 817,000 SF facility. Leased to SAMSONITE from WEBB INT. 10480 Yeager Road

ALUMINUM PRODUCTS, INC.

Brokers: Pine Street Partners /RPS, LLC “SALE – LEASE BACK” with AIC Ventures 197,000 SF facility. 4925 Bulls Bay Highway


INVESTMENT SALES



LAND SALES

MERVIS INDUSTRIES Brokers: Phoenix Realty | Size: 50 Acres

JA-RU Brokers: Colliers & Phoenix Realty | Size: 22 Acres

SAN MAR (Lake WA) Brokers: Phoenix Realty & CBRE | Size: 25 Acres

PUBLIX Brokers: Kern Company | Size: 37 Acres


II. US INDUSTRIAL MARKET & COMPETING MARKETS

JACKSONVILLE VS. US VACANCY

INDUSTRIAL VACANCY RATES 2009 -2012



10

.4%

10

.7%

10

.9%

10

.5%

10

.4%

10

.3%

9.8

%

9.7

%

9.6

%

9.4

%

9.4

%

9.0

%

8.8

%

9.5

5%

10

.96

%

10

%

10

%

9.7

0%

9.3

0%

9.1

0%

9.4

0%

9.6

0%

9.7

0%

9.5

0%

9.2

0%

9.2

0%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

Q4-09 Q1-10 Q2-10 Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Q3-12 Q4-12

USA North East Florida

MARKET SIZE S.F.

JACKSONVILLE VS. COMPETING MARKETS

208,814,201

105,914,163

134,981,958

102,586,226

45,919,183

0 50,000,000 100,000,000 150,000,000 200,000,000 250,000,000

MIAMI

ORLANDO

TAMPA

JACKSONVILLE

SAVANNAH



VACANCY RATES


5.80%

13.20%

9.50%

9.20%

14.70%

0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00%

MIAMI

ORLANDO

TAMPA

JACKSONVILLE

SAVANNAH



AVERAGE NET ASKING RENT


$5.07

$4.49

$5.07

$3.98

$3.74

$0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00

MIAMI

ORLANDO

TAMPA

JACKSONVILLE

SAVANNAH



III.US INDUSTRIAL MARKET 2013 TRENDS AND PREDICTIONS

Vacancy rates throughout 2012 continued to

decrease.

Positive absorption occurred throughout 2012.

Phoenix Realty Group and Cushman & Wakefield

leased Body

Central 406,400 SF at ONE IMESON located at One

Imeson Park

Blvd. in Q1-13.

Samsonite leased 240,000 SF at 10089 North Main

St. from

Dalfen America in Q1-13 . Phoenix Realty Group

represented

the landlord.

2013 TRENDS

2013 INDUSTRIAL TRENDS AND PREDICTIONS


THANK YOU FOR YOUR TIME

Documents

INDUSTRIAL MARKET OVERVIEW · BOBBY GATLING FIRST VICE PRESIDENT INDUSTRIAL MARKET OVERVIEW 2013 JACKSONVILLE OUTLOOK CONFERENCE CONTACT DETAILS: A: 10739 Deerwood Park Blvd, Ste.310