4th Quarter 2025 Jefferson County
In the fourth quarter of 2025, Jefferson County’s commercial real estate market showed relatively stable conditions across several major property sectors, with modest shifts in lease rates and vacancy. NavPoint Real Estate Group’s latest market update highlights steady retail and office performance alongside increasing availability in the multi-family and industrial sectors.
Multi-Family Market:
The multi-family sector reported an average lease rate of $2.12 per square foot and a vacancy rate of 9.1%. Lease rates declined slightly from $2.15 per square foot in the third quarter, while vacancy increased from 8.8%, indicating a modest rise in available rental inventory.
Retail Market:
Retail space remained relatively stable, posting an average lease rate of $24.10 per square foot and a vacancy rate of 5.3%. Lease rates edged up slightly from $24.08 in the previous quarter, while vacancy improved from 5.4%, reflecting consistent demand across the market.
Office Market:
Office properties recorded an average lease rate of $25.99 per square foot, with vacancy holding steady at 10.9%. Although lease rates declined slightly from $26.27 per square foot in the third quarter, occupancy remained unchanged, suggesting relatively stable conditions within Jefferson County’s office market.
Industrial Market:
The industrial sector reported an average lease rate of $13.70 per square foot and a vacancy rate of 6.9%. Vacancy increased from 6.4% in the previous quarter, while lease rates continued to moderate from $13.82 per square foot, creating additional options for industrial and flex users.
Overall, Jefferson County closed out 2025 with generally stable fundamentals across its commercial real estate market. Retail and office remained relatively steady, while rising vacancy in the multi-family and industrial sectors reflects increasing availability and a more competitive leasing environment. The fourth-quarter results point to a balanced but evolving market as Jefferson County moves into 2026.
Read more at: https://navpointre.com
