MAY 21 TO MAY 27, 2026 | JAXDAILYRECORD.COM
BUSINESS & LEGAL NEWS IN BAKER, CLAY, DUVAL, NASSAU AND ST. JOHNS COUNTIES
WAREHOUSING AND LOGISTICS ISSUE
INSIDE
INSIDE : ANALYSIS FROM SEVEN INDUSTRIAL MARKET EXPERTS, PAGE 6A-9A
CITY GOVERNMENT
BALANCING THE MARKET After a post-pandemic surge of construction, Northeast Florida industrial and distribution project development has slowed from ‘oversupply’ to ‘recovery.’
City officials, Holon silent over status of new factory PAGE 12A
THE MATHIS REPORT
PopStroke explores Gate Parkway for mini-golf site PAGE 10A Germany-based grocer Aldi accounts for one of the area’s largest new leases as it plans to open a distribution center at 15500 W. Beaver St. in 2027. It is the former C&S Wholesale Services facility. File image
BY KAREN BRUNE MATHIS EDITOR AT LARGE
N
ortheast Florida’s warehousing and logistics market is “rebalancing” as of the first quarter of 2026, market reports show. The reset comes after years of construction when developers built in pursuit of tenants after the pandemic
that generated significant online commerce and a population migration into Florida. That growth led to an almost 74% increase in the industrial vacancy rate in Jacksonville from the first quarter of 2025. The rate rose 4.5 percentage points from 6.1% to 10.6%, the Colliers commercial real estate firm reported in its first-quarter 2026 industrial market report for Jacksonville. “Jacksonville’s industrial market is
SUBSCRIBE NOW!
Only 50/yr. $
Regularly $75
VISIT JAXDAILYRECORD.COM/SUBSCRIBE Coupon Code: jdr-25-off
Questions: subscriptions@jaxdailyrecord.com
rebalancing as construction slows,” Colliers reported. “As the development pipeline tapers off in 2026, the market is shifting from a phase of oversupply to one of recovery.” Colliers found that 5.1 million square feet of industrial space was under construction as of the first quarter of 2025, compared with SEE MARKET, PAGE 4A
REGIONAL NEWS
St. Johns County reviews Harris Teeter-size store Plans show a 50,208-square-foot project that includes a fueling station at Florida 16 and Inman Road. PAGE 14A
THE BASCH REPORT
LEGAL SECTION
Sports betting increases Paysafe’s business
2025 delinquent real estate tax list
Paysafe reported a 10% rise in firstquarter revenue, helped by a 20% increase in iGaming revenue as the upcoming World Cup creates new growth opportunities for the payment processor. PAGE 16A
Inside or at JaxDaily Record.com
VOLUME 113, NO. 28 | SIX SECTIONS | PUBLISHED SINCE 1912