The Downtown Jacksonville office submarket has experienced both positive and negative developments. While some office buildings have healthy occupancies, others have significant vacant space. The overall vacancy rate in the Jacksonville office market is around 20%. The region is seeing commercial projects in progress, but the demand for office space has been affected by hybrid and work-from-home strategies. The return to the office is progressing, but there is still work to be done to reach pre-pandemic levels of office demand. The goal is to create a thriving and balanced Downtown market.