MARKET INFORMATION

DIVE INTO THE RESEARCH.

WITH AN OFFICE OCCUPANCY RATE OF 78%, A RESIDENTIAL OCCUPANCY RATE OF 94%, 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 $100 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: 78%
SHARE OF JACKSON: 36%
AVERAGE RENTAL RATE (PER SQ. FT.): $17.75
SOURCE: CBRE H2 2018

DOWNTOWN BID RESIDENTIAL MARKET

NUMBER OF RESIDENTS: 440
NUMBER OF UNITS: 246
RESIDENTIAL OCCUPANCY RATE: 94%
NUMBER OF UNITS IN DEVELOPMENT: 350
SOURCE: ESRI 2019 FORECAST, HINDS COUNTY ECONOMIC DEVELOPMENT AUTHORITY SITE SELECTOR TOOL, DOWNTOWN JACKSON PARTNERS

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.