
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...
There are approximately 1.5 million people calling Florida's First Coast home. But why? What makes Jacksonville real estate and St. Augustine real estate so sought after?
One reason that Jacksonville real estate makes sense for newcomers is the ease of making the transition and getting situated. Here, city and county governments operate as one. That means that tags, licenses, business permits and other critical components of success provide a smooth and seamless adjustment period.
Furthermore, Jacksonville real estate has shown steady signs of stabilization and recovery. This is in large part due to two different trends: