What Makes Jacksonville, FL a Top Market for Real Estate Investing?
When a commercial real estate investor thinks of opportunities in Florida, their mind probably jumps to the beaches of Tampa or flashy nightlife of Miami. While those locations have their upsides, steady Jacksonville shouldn’t be overlooked.
Jacksonville is home to the National Football League’s Jaguars franchise, and tourists flock to its warm weather beaches and spend time on the green at many local golf courses. It’s also home to a major civilian and military deep water port and a steady local economy fueled by companies in the banking, healthcare, and insurance industries.
So as the most populous city in Florida, and the twelfth most in the entire United States, it’s surprising how much untapped value remains.
But it won’t stay this way for long. Experts are taking notice.
For example, Jacksonville ranked as the 23rd best real estate market in the recent Price Waterhouse Cooper (PwC) and the Urban Lands Institute (ULI) report. Yardi Matrix’s Booming Jacksonville Multifamily Report Summer 2019 also projects a promising future for the Jacksonville market.
And we’re on the bandwagon too. In this article we’ll share five factors that are driving commercial real estate investment opportunities in Jacksonville.
Comments