Michael Cassidy

Michael Cassidy

Associate

License # SL3419483

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About

Professional Summary

Michael joined Colliers International | Northeast Florida in April 2019 as an Associate for the Bumgarner Industrial Team. As a third generation Floridian and a lifetime resident of Jacksonville, Michael has had the opportunity of creating strong connections with the local and regional market. He brings experience in sales, customer relationship management and financial analysis and his primary focus is to assist the Bumgarner Industrial Team while entering the market as an young professional and developing quality client relationships.

Services

Property Types
Industrial, Land

Properties

Recent Transactions

Featured Research

Featured Research
Oct 14, 2019
2019 Q3 Northeast Florida Industrial Market Report
As expected, the vacancy rate for the Jacksonville industrial market inched higher in the third quarter of 2019, reflecting the long-awaited delivery of new supply. As of the writing of this report, vacancy in the Jacksonville market stands at approximately 4%, roughly 150 basis points higher than the low seen in late 2018. Average market rent is up to $6.50 per square foot, a 1% increase versus last quarter, and a blistering 6.2% increase versus the same time last year. This strong pace of growth is reflective mostly of organic growth driven by the tightness in the market, but is also influenced by the addition of new supply with market-leading rents.
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Jul 11, 2019
2019 Q2 Northeast Florida Industrial Market Report
As expected, the vacancy rate for the Jacksonville industrial market moved up 120 basis points to 4.3% this quarter, reflecting the announced moveouts of Sears and GE from their facilities and almost 300,000 square feet of additional deliveries.
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Apr 22, 2019
2019 Q1 Northeast Florida Industrial Market Report
Jacksonville’s industrial market continues to grow at a strong pace. New industrial construction is finally starting to hit the market, with roughly 1 million square feet of additional space coming online in Q1 2019. Only half of the newly delivered product last quarter was leased, which led to an increase in vacancy to 3%.
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