Tag Archives: Jacksonville

Central & North Florida Skyline 2017: Large Block Opportunity, Supply Shortage & Speculative Development

0 CommentsBy

In part two of our Skyline series, we move up the state to take a deeper look at the skylines that make up the downtowns in Central and North Florida (click here to read Part One: South Florida). JLL recently launched its 2017 Skyline, a comprehensive report that analyzes supply, demand, rent and investment data across the country’s urban cores, with three of the profiled Skylines in Central and North Florida.

The… Read More

Florida Employment Update: May 2017

0 CommentsBy

Job growth in Florida slowed for the second straight month in April, with the state adding only 13,200 jobs from March to April. In addition, Florida’s payrolls have increased only 28,400 so far this year (non-seasonally adjusted) thanks in large part to a strong decline in jobs for the month of January – which is historically the case.

Employment UpdateRead More

Jacksonville’s Retail Rebound

0 CommentsBy

Of all of Florida’s major cities, Jacksonville has struggled the most to recover from the economic recession of the mid-2000s. But now a surge in new development, rise in population and consecutive quarters of growth have led to an occupancy rate of 92.1%, which has breathed new life into Jacksonville’s retail market. This shift in dynamics means that Jacksonville is enthusiastically bouncing back to pre-recession levels.

Industrial Real Estate Surge Sweeps Florida

0 CommentsBy

To many leading experts, the future of Florida’s commercial real estate market lies within the industrial sector.  At a recent CRE panel, Scott Gregory, Vice President of Prologis, a global leader in industrial real estate development and logistics, explained that advancing technology is a driving factor behind a surge in industrial activity.

One way new technologies effects on the industrial market and logistics has been the rise of e-commerce, particularly as it… Read More

Is the Next Silicon Valley Somewhere in Florida?

0 CommentsBy

Tech is one of the fastest growing industries in the U.S. Its impact has spilled over into almost every sector, including commercial real estate.  As JLL’s latest tech report, the 2016 Tech Outlook, points out: technology remains the leading industry for real estate expansion in the United States and has quickly become a key economic driver in many cities.

Tech Report

The report… Read More

What Other Cities Can Learn from Jacksonville’s Changing Market

1 CommentBy

Jacksonville may be Florida’s largest city by population, but the coastal enclave at the state’s northeastern tip often gets overlooked in favor of Miami-Dade, Orlando and other tourist destinations.

The reality is that Jacksonville is quickly emerging as a desirable business and residential destination due to a number of factors and trends.

In July, Forbes Magazine named Jacksonville the No. 2 city in the U.S. that Americans were moving to, based, in part,… Read More

5 Trends Changing Florida’s Retail Market

2 CommentsBy

Just days after the International Council of Shopping Centers held its annual Florida conference in Orlando, we caught up with JLL’s retail brokerage team to share some of the latest trends the Florida market is experiencing. JLL’s 2016 Florida Retail Report takes a deeper dive at the factors fueling these trends and what’s ahead for the retail real estate market in the region.

We highlight 5 trends below:

Value shopping is for everyone.

Low-income… Read More

Three Key Questions: JLL’s Kaycee Gardner Reveals What’s Ahead for Jacksonville’s Office Market

1 CommentBy

JLL Florida reached out to Kaycee Gardner to answer three key questions on what’s ahead for Jacksonville’s office market.

Kaycee Gardner, Vice President

Kaycee Gardner, Vice President

JLL: What are the factors driving office leasing activity in Jacksonville’s key submarkets?
Gardner: With economic conditions improving across the country and business confidence significantly increasing, the Jacksonville office market… Read More