Jacksonville, FL CAM Reconciliation Guide
Vacancy rates, property tax system, operating expense benchmarks, and market-specific CAM billing considerations for Jacksonville, FL commercial landlords.
Current Vacancy Rates
Source: CBRE/JLL Q4 2025 Market Reports
Average CAM per Square Foot
Property Tax System
Duval County Property Appraiser
File petition with Value Adjustment Board (VAB) by September 15 (or 25 days after TRIM notice). Magistrate hearing; circuit court appeal.
~1.4-1.8% effective rate (no state income tax; consolidated city-county)
Key Submarkets
CAM Billing Considerations
- Consolidated city-county government simplifies jurisdictional complexity
- Major port expansion driving industrial/logistics growth
- Hurricane insurance as variable CAM expense (less exposed than South Florida)
- Financial services sector concentration (FIS, SS&C, Deutsche Bank)
- Relatively affordable market — CAM overcharges have outsized tenant impact
BOMA Northeast Florida
Market Context
Jacksonville's consolidated city-county government creates simpler jurisdictional dynamics than most Florida metros. Port expansion is driving significant industrial growth and associated CAM complexity.
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