2019 Q4 Northeast Florida Office Market Report

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The Jacksonville office market closed out 2019 with an availability rate roughly in line with the rest of the year: approximately 10.7%. As mentioned in previous reports, this is the lowest availability rate our experts have ever seen in the Jacksonville office market. The vacancy rate stands in contrast, having increased on a nearly straight-line basis since early 2018 to approximately 9% today. The increasing vacancy rate reflects the most significant construction in the office market since before 2008. While construction is strong by recent historical standards, it is still half of what it was pre-crisis.

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2019 Q4 Northeast Florida Office Market Report

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Christian Oldenburg

Managing Director

Jacksonville

Christian Oldenburg is a dynamic commercial real estate executive with 15 years of experience and total transaction involvement in excess of $1 billion. As the Managing Director of Colliers International Northeast Florida, Christian is responsible for all aspects of Colliers’ operations in the North Florida region, with a focus on financial management, development of human capital and new business generation. Christian leads a team of 30 brokers and 15 support staff who are focused on advising clients who wish to sell, purchase or lease retail, office, medical, industrial, land and multifamily assets. Christian also collaborates with the firm’s Real Estate Management Services and Valuation and Advisory divisions on identifying and sourcing new business opportunities.


Christian’s real estate career began with Northmarq Capital as an Investment Analyst, a role in which he assisted in placing more than $350 million in debt and equity financing. He further developed his career with Regency Centers, where he held multiple financial and operational roles over his ten-year tenure culminating as Vice President of National Property Operations. Most recently Christian served as Senior Vice President of Block One Ventures – the real estate investment arm of a significant local family office. In that role, he oversaw all aspects of the company’s operations with a focus on ground-up development and asset management of land and multifamily assets valued around $300 million.

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