The Move to Jacksonville
A Big City with Big Opportunities to Match
Florida has seen massive gains in its economy and population in recent years. But while high-profile gateway markets like Miami often command more national attention, the city of Jacksonville is experiencing explosive growth of its own. Situated in the state’s Northeast corner along the Atlantic Coast, Jacksonville provides immediate access to a range of destinations throughout the Southeast. One of Florida’s most active markets, the city has seen a great deal of population growth in the past ten years and boasts a lower cost of living than most areas of the country.
In addition to ideal accessibility, Jacksonville’s population offers a young median age — an asset uniquely advantageous for businesses seeking young talent. As a result, the Jacksonville job market has steadily increased over the past decade.
An Overview of Jacksonville’s Economy
Jacksonville proudly claims the title of most populous city in the state of Florida with a population of nearly one million.
Over the last 10 years, the population has grown by more than 100,000 people, demonstrating a steady increase in the number of individuals relocating to the city. Jacksonville can accommodate its growing population as it is also the largest city by land area in the contiguous United States.
Adding to the city’s appeal, Jacksonville benefits from attractive tax incentives offered to businesses in the state— with no personal income tax and a low corporate tax rate of 4.46%.
Florida's Most Populous City Delivers Opportunity
Jacksonville is conveniently situated on the St. John’s River and along the Atlantic Ocean, with a sizeable deep-water port that has been instrumental in the historical growth of the city.
The Port of Jacksonville is one of the leading ports for automotive imports and a leading transportation and distribution hub. With the help of the port, the city’s economy has grown more than 50% over the last ten years and continues to attract top-tier businesses. There are four Fortune 500 companies headquartered in Jacksonville— CSX Corporation, Fidelity National, Fidelity National Information Services, and Southeastern Grocers.
Opportunities in Jacksonville's Leasing Market
Over the past year, the Jacksonville office market has grown significantly, with over 100,000 square feet of office space built in 2020 alone and over 330,000 square feet currently under construction.
Flagler Center
Flagler Center comprises seven buildings across two product types: Class A and 1- & 2-story office/flex.
The office park is located near St. John’s County, one of the fastest-growing counties in the nation.
Prominence Office Park
Prominence Office Park offers seven buildings ranging in size from 21,000 square feet to 160,000 square feet. Centrally located in the Butler / Baymeadows submarket, the property is immediately adjacent to I-95 offering easy access to the surrounding region.
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