If you’re looking for the next big real estate and economic growth hotspot, Jacksonville, Florida, may already be on your radar. In a recent roundtable, six influential leaders in real estate and development shared their unique perspectives on why Jacksonville is experiencing a major upswing and why now is the time to pay attention.
A Surge in Development & Visionary Projects
Michael Balanky, President & CEO of Chase Properties, pointed out the scale of projects like the $300 million Deerwood Lake and the mixed-use San Marco Promenade as examples of how demand is reshaping Jacksonville’s urban landscape. With thousands of residential units, retail spaces, and lifestyle amenities in the pipeline, the city is meeting the needs of a growing population while enhancing quality of life.
A City with Cultural and Economic Momentum
Tony Cho, CEO of Future of Cities, emphasized Jacksonville’s untapped cultural potential, comparing it to Miami in its early revitalization stages. He believes the city is ripe for transformation thanks to its beaches, natural beauty, and strong local spirit. The integration of art, wellness, and sustainability is expected to play a big role in Jacksonville’s identity going forward.
Benjamin Hakimian of Hakimian Holdings echoed this, noting that Jacksonville has long been undervalued but is now surging with energy and investment. “There’s a lot of momentum,” he says, adding that investors and developers are increasingly eyeing the area for long-term growth.
Multifamily and Industrial Markets Stay Hot
Steve Harvill of Fund & Company pointed out that multifamily demand remains strong, especially as interest in suburban living rises. He also emphasized the strength of Jacksonville’s industrial sector, citing big-box warehouse developments and solid fundamentals in both rent growth and absorption.
Tyler Saldutti, CEO of Prime Realty, added that their firm sees healthy leasing activity and increasing rental demand in industrial and multifamily spaces alike. He highlighted how local competition is encouraging owners to upgrade units to retain tenants, which bodes well for renters and investors alike.
Why Families and Companies Are Relocating
Don Wenner, Founder & CEO of DLP Capital, perhaps summed it up best: “When it comes to Northeast Florida, it’s an incredible place to live and invest.” Citing the region’s affordability, family-friendly lifestyle, and lower cost of living compared to other parts of Florida, Wenner believes Jacksonville is becoming a national leader in population growth—and for good reason.
The Bottom Line: Jacksonville is Thriving
The message from these industry leaders is clear: Jacksonville is not just another Florida city—it’s a prime location for real estate development, business expansion, and long-term investment. From revitalized downtown districts to booming industrial parks and coastal living, the city offers a dynamic mix of opportunity and lifestyle appeal.
Whether you’re a real estate investor, a developer, or someone considering relocation, Jacksonville should be on your watchlist. With big projects underway and a growing buzz across sectors, the city’s future is as bright as its sunny coastline.