NAI Hallmark Q2 2018 Market Report-Jacksonville, FL
Jacksonville Market Report 2nd Quarter 2018
As we hit the halfway point of 2018, it’s safe to say that the economy is firing on all cylinders in Northeast Florida.
Jacksonville’s unemployment rate stand at 3.1% and the area added 22,400 jobs over the past 12 months, a 3.2% growth rate.
While not at the levels seen prior to the Great Recession, development and capital investment is at a ten-year high and yet tremendous opportunities for further growth are right on the horizon. Downtown Jacksonville is poised for large scale expansion with market making developments in the Shipyards and the District move closer to reality. Beltway growth fueled by completion of I-295 improvements and Outer Beltway expansion has connected the five-county region like never before.