Jacksonville also was one of 26 cities receiving a strong rating for the Development/Redevelopment Opportunities category, according to ULI.
The report classified Jacksonville as an emerging “supernova” market, grouped with Austin, Nashville, Boise and Raleigh/Durham. The cities classified as a supernova saw an average jump ranking by 4.6, ULI said. The draws of which are economic growth, quality of life and affordability. Nationally, the share of apartment and retail transactions increased from the first half of 2022 compared to the same period in 2021 by 3.6% and 2.8%, respectively. However, commercial office and hotel transactions fell by 3.3% and 2.4%, respectively.
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