2023 Office Space Rent & Sales
- $17.66 2023 Avg. Asking Rent
- -0.80% Y-o-Y Avg. Asking Rent Change
- 14.15% 2023 Office Vacancy Rate
Jackson office price per square foot in 2023 was $17.66 on average. This marked a -0.80% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 14.15% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Mississippi Class A & A+ Office Space$20.32
- Mississippi Class B Office Space$19.06
- Mississippi Class C Office Space$19.69
Jackson, MS Office Asking Rents by Class
2023 Office Vacancy Rates in Jackson
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Flowood | $19.76 | 15.17% |
| Jackson_West | $19.00 | 14.34% |
| Jackson_CBD | $17.82 | 16.78% |
| I-55 Corridor | $17.37 | 17.05% |
| Jackson_Downtown | $12.22 | 12.04% |
Office Spaces for Rent in Mississippi
Coworking Spaces in Mississippi
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Baptist Medical Center - Belhaven Building | 1200 North State Street, 39202 | 168,743 | 2013 |
| The Pinnacle at Jackson Place | 190 East Capitol Street, 39201 | 189,000 | 2008 |
| Meadowbrook Office Park - 1400 Meadowbrook Road | 1400 Meadowbrook Road, 39211 | 57,227 | 2005 |
| Northtown Office Building | 40 Northtown Drive, 39211 | 3,600 | 1999 |
| Northtown Office Building | 40 Northtown Drive, 39211 | 3,600 | 1999 |
| The Allen Building | 5898 Ridgewood Rd, 39211 | 10,000 | 1997 |
| Former Medical Clinic | 6050 Interstate 55, 39211 | 3,548 | 1997 |
| 825 Larson Street | 825 Larson Street, 39202 | 5,400 | 1991 |
| Twin Lakes Office Park | The Atrium Building | 6425 Lakeover Rd, 39213 | 23,745 | 1989 |
| City Centre | 200 South Lamar Street, 39201 | 266,000 | 1987 |
Worth noting among recent office completions on the Jackson market is Baptist Medical Center - Belhaven Building, which is currently the largest new office development in the city, at 168,743 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Jackson commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.