Expert insights: Land prices more attractive in Jacksonville than in other areas of state

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  • | 12:00 a.m. July 19, 2023
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Brittany Lee Culbreth
Brittany Lee Culbreth
  • Real Estate
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Developers are buying corners and parcels that are vacant buildings or cleared and redeveloping because Jacksonville has the perfect combination of a strategic location, affordable real estate, strong workforce and a high demand for industrial buildings with a very low supply. 

Jacksonville’s proximity to the Interstate 95 and I-10 corridor provides easy access to major transportation routes, which simplifies the movement of goods and materials. 

Developers are able to acquire land at a price that is attractive in comparison with other parts of the state, such as Miami and Orlando, where the price point is much higher. 

The growing population in Jacksonville as well as the available workforce makes Jacksonville attractive to outside developers. 

Jacksonville has a strong manufacturing and logistics sector, which can provide developers with access to a pool of experienced workers. 

Additionally, local education institutions, such as the University of North Florida and Florida State College at Jacksonville, provide training programs that focus on key industrial skills that augment our skilled workforce. 

Lastly, the classic high demand/low supply economic strategy is the main reason for bringing more development to Jacksonville and contributes the perfect environment for continued development.

Brittany Culbreth is sponsorship chair of the NAIOP Commercial Real Estate Development Association Northeast Florida Chapter.



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