DIVE INTO THE RESEARCH.
WITH AN OFFICE OCCUPANCY RATE OF 77%, A RESIDENTIAL OCCUPANCY RATE OF 75%, AND AN AVERAGE OF 1 MILLION VISITORS EACH YEAR, AND GROWING, IT’S SAFE TO SAY DOWNTOWN JACKSON IS POPPING. THE NUMBER OF RESIDENTIAL HOMES IN DOWNTOWN ARE INCREASING BY HUNDREDS AND OVER $30 MILLION IN DEVELOPMENT PROJECTS ARE CONTINUING FULL-FORCE AHEAD.
DOWNTOWN JACKSON IS THE CENTER OF BUSINESS AND COMMERCE FOR THE STATE OF MISSISSIPPI, AND IS HOME TO WORLD-CLASS ART, CULTURE, HISTORY, AND TOURIST ATTRACTIONS. THE CITY WITH SOUL IS LIKE NONE OTHER, AND MANY ARE REALIZING JUST HOW GREAT DOWNTOWN REALLY IS. BELOW ARE A FEW DETAILS ON THE DOWNTOWN OFFICE AND RESIDENTIAL MARKETS.
DOWNTOWN OFFICE MARKET
SQUARE FEET OF OFFICE SPACE: 2.5 MILLION
OFFICE OCCUPANCY: 77%
SHARE OF JACKSON: 36%
AVERAGE RENTAL RATE (PER SQ. FT.): $17.96
SOURCE: CBRE H2 2020
DOWNTOWN BID RESIDENTIAL MARKET
NUMBER OF RESIDENTS: 450
NUMBER OF UNITS: 393
RESIDENTIAL OCCUPANCY RATE: 75%
NUMBER OF UNITS IN DEVELOPMENT: 150
SOURCE: ESRI 2021 FORECAST, DOWNTOWN JACKSON PARTNERS 2021 Residential Report
DOWNTOWN JACKSON PARTNERS DEVELOPMENT TOOLKIT
CLICK THE LINK BELOW TO CHECK OUT THE DOWNTOWN JACKSON PARTNERS DEVELOPMENT TOOLKIT FOR A BIT OF DOWNTOWN HISTORY, RESIDENT PROFILES AND OTHER MARKET INFORMATION, A WORKFORCE OCCUPATION BREAKDOWN, INFOGRAPHICS AND MORE.