JACKSONVILLE, FL—How will the plan to deepen the Port of Jacksonville effect the industrial markets in that area? What about the office market?
GlobeSt.com caught up with Monte Merritt, senior director with Franklin Street’s Jacksonville office, to talk about these issues in part two of this exclusive interview. You can still read part one: How Jacksonville Port is Poised to Compete.
GlobeSt.com: How will the plan to deepen the Port of Jacksonville effect the industrial markets in that area?
Merritt: The port could attract additional shipping lines to the area, creating a need for more warehouse and distribution centers. Currently, many goods that come through the port are shipped directly to the customer, so there hasn’t been a need for as many warehouses on site. However, this may change when the port is deepened.
GlobeSt.com: How will the plan to deepen the Port of Jacksonville effect the Jacksonville office market?
Merritt: Businesses that rely on large cargo shipments could be enticed to move their national or regional headquarters to Jacksonville, increasing employment and the need for office space.
GlobeSt.com: What is the significance of the Port’s geographic location?
Merritt: The Port of Jacksonville is the first large port once you pass Miami. Also, its location on the southeast coast and proximity to major interstates, such as Interstate 10 and Interstate 95, allow trucks to get almost anywhere in the southeast region—roughly 500 miles—within one day, offering the best intermodal connections in the South Atlantic. Download PDF