Posts from August 29th, 2016
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Local Foreign Investment is on the Rise!
In 2015, Jacksonville's commercial real estate market saw foreign investment finally reach pre-recessionary levels. While Jacksonville is still lagging behind places like Tampa and Orlando, last year's foreign investment reached $183,000,000. But considering that the state sees about $4.3 billion from foreign investors, that leaves plenty of room for improvement.
At least at the state-wide level, 2016 is poised to be an event better year for Florida than 2015 was. As 2015 closed, Florida was ranked #4 nationwide in terms of "cross-border investment." At the close of the 1st quarter of 2016, Florida was ranked #3.
Who Is Investing & Where
Since 2007, the two most active countries for foreign investment have been Canada and Israel. Canadians are seeking multi-family investment and retail locations. Israelis are...