MIAMI—This week in Florida saw interesting news come out the Sunshine State’s smaller markets. And Jacksonville is making a strong showing on the healthcare and retail fronts.


The Jacksonville metro’s healthcare and retail sectors have each expanded by more than 6,000 positions over the past two years, driving an overall rate of job creation that reduced area unemployment to a 10-year low. These additions coupled with a bump in financial-related professionals bolstered the median household income by $33,000 during the last 24 months. Increased earnings and the need for more employers to recruit from outside the market to fill openings spur a rise in Millennial relocations and household formations. Many of these new residents have opted to rent during a period of rapidly appreciating home prices, heightening demand for apartments. (Source: Marcus & Millichap)

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Jennifer LeClaire

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