jacksonville, fl - JWB Real Estate Capital

JACKSONVILLE, FL
INVESTMENT INTRODUCTION
THE CITY
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THE CITY
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BY THE NUMBERS
#1
Largest City in the Continental US
At 874.6 square miles (that is almost ¾ the size
of Rhode Island)
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BY THE NUMBERS
1,394,000
Residents in the Jax MSA as of 2013 Census
Making Jacksonville the 40th largest MSA in the
country.
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BY THE NUMBERS
24.1%
Population Growth Since 2000
Better than Tampa (19.8%), Miami (16.4%),
Memphis (11.29%), or Birmingham (8.37%)
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BY THE NUMBERS
$51,495
Median Household Income
Greater than Orlando ($46,962), Miami
($46,946), or Tampa ($45,880)
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BY THE NUMBERS
38
Median Age
Younger than Tampa (42) or Miami (40)
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5.5%
Jacksonville Unemployment Rate (as of 11/14)
Lower than Florida or Tampa(5.8%), and tied
with Miami (5.5%)
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92.6%
Cost of Living in Jacksonville (% of the national
average)
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#1
Largest Videoboards in the World
Yep… it’s true. Bigger than Dallas,
Houston, or… anywhere.
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BY THE NUMBERS
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#1
NFL Stadium Experience
Oh yeah… there are pools in the stadium.
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BY THE NUMBERS
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ECONOMY AND INDUSTRY
 Jacksonville is home to 80+
industry headquarters.
 Over 55,000 people work in
downtown Jacksonville
 Main industries – Logistics,
Healthcare, Finance,
Military
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I N T R O D U C T I O N
BY THE NUMBERS
3
Number of Fortune 500 Companies
headquartered in Jacksonville
(In Florida, only Miami has more)
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#2
Forbes named Jacksonville #2 in the nation for
technology services job growth (2014)
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#4
Forbes named Jacksonville #4 of the top cities
in the country in which to find a job (2014).
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Top Ten
Global Trade Magazine named Jacksonville a
top ten city for logistics infrastructure (2014)
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Top Ten
Forbes named Jacksonville is a top ten city for
attracting college graduates (2014)
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ECONOMY AND INDUSTRY
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I N T R O D U C T I O N
THE REAL ESTATE MARKET
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BY THE NUMBERS
$153,400
Median Home Price in Jacksonville
As compared to the $201,193 median home
price in the United States
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$1,231
Median Rent Price in Jacksonville
As compared to the $1,342 median rent price in
the United States
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+20.31%
Favorable price-to-rent ratio in Jacksonville as
compared to the United States
Meaning, in Jacksonville, a typical $100,000
home will rent for 20.31% more than the
average $100,000 in the United States.
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FUTURE GROWTH - MAYPORT
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FUTURE GROWTH - MAYPORT
Littoral Combat
Ship
 Mayport will be getting
8 ships, starting in 2016.
 EACH SHIP creates 870
direct and indirect jobs
and adds $200 million
per year in regional
GDP.
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FUTURE GROWTH - JAXPORT
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FUTURE GROWTH - JAXPORT
 Congress approved deepening of the St John’s river
to 47 feet in 2014 water bill
 Deep water port will be able to handle Panamax
ships at the completion of the widening of the
Panama canal (slated for 2016-2017)
 Expected economic impact of increased trade from
larger ships is in the billions
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FUTURE GROWTH – GE OIL AND GAS
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FUTURE GROWTH – GE OIL AND GAS
 Jacksonville beat out over 50
other cities across the
country for GE’s new factory
 GE will be building a 510,000
sqft manufacturing facility on
Jacksonville’s Westside
 Will create over 500 jobs with
an average salary of
~$50,000
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FUTURE GROWTH – DOWNTOWN REBIRTH
Sites currently under construction/renovation in downtown Jacksonville
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FUTURE GROWTH - DOWNTOWN
220 Riverside – 280 new urban apartments downtown
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FUTURE GROWTH - DOWNTOWN
Renovation of Hayden Burns Library into Dupont Fund headquarters and
non-profit incubator
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FUTURE GROWTH - DOWNTOWN
The Brooklyn Riverside – 310 new urban apartments downtown
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FUTURE GROWTH - DOWNTOWN
Suntrust Building – new parking garage and retail
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FUTURE GROWTH - DOWNTOWN
Southbank Riverwalk – miles of prime riverfront recreation space
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FUTURE GROWTH - DOWNTOWN
The Shipyards and The Old JEA Site
~86 acres of prime riverfront property about to be developed
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FUTURE GROWTH - DOWNTOWN
Iconic developer Peter Rummel (Celebration at Disney) has purchased the
JEA site, is planning a high-density urban development focused on
health and wellness
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FUTURE GROWTH - DOWNTOWN
Billionaire Jacksonville Jaguars owner Shad Khan has expressed his plans to
develop the Shipyards, with Jaguars president Mark Lamping saying the
Jaguars are “committed” to the site.
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Jacksonville has something for everyone – arts and culture, sports and
recreation, entertainment and shopping, miles upon miles of waterfront.
THE END
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