Commercial Real Estate, Capital, Insurance, Leasing & Management

Retail Rents Nearing Peak in Strong Jacksonville Market

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Carrie Smith, managing director, discusses the factors fueling retail activity in and around Jacksonville.

Excerpted from story.

The retail market in Jacksonville and Northeast Florida continues to be strong, with new development projects breaking ground and others in the pipeline.

Colliers International recently stated that the Northeast Florida retail market remains robust and is attracting significant investment. The brokerage firm reported earlier this month that investors deployed approximately $341 million in retail asset acquisitions in 2018, besting 2017’s totals by approximately 10%.

What is fueling activity in and around Jacksonville? Carrie Smith, managing director of Franklin Street of Jacksonville, provided some insight into that and other questions posed by

Smith specializes in retail tenant and landlord representation, and oversees a portfolio of more than 4.9 million square feet in retail space throughout North Florida. She has represented a variety of national and regional clients including Jimmy Johns, Dollar Tree, Great Clips, Save a Lot, First Watch, Newk’s, Kimco Realty, Kite Realty Group, and Equity One.

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