Search
 

Middle Market Digest: This Week in Florida

Here's a look at the trends, announcements and deals you may have missed this week in Florida.

By Jennifer LeClaire | Updated on December 01, 2017

MIAMI—This week in Florida saw interesting news come out the Sunshine State’s smaller markets. And Jacksonville is making a strong showing on the healthcare and retail fronts.

BY THE NUMBERS

The Jacksonville metro’s healthcare and retail sectors have each expanded by more than 6,000 positions over the past two years, driving an overall rate of job creation that reduced area unemployment to a 10-year low. These additions coupled with a bump in financial-related professionals bolstered the median household income by $33,000 during the last 24 months. Increased earnings and the need for more employers to recruit from outside the market to fill openings spur a rise in Millennial relocations and household formations. Many of these new residents have opted to rent during a period of rapidly appreciating home prices, heightening demand for apartments. (Source: Marcus & Millichap)

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.