Jacksonville Real Estate Blog Dec
14
To buy or to rent?
Filed Under Jacksonville Condos, Jacksonville property development | Leave a Comment
An interesting thought popped up when I was reading an article in the Jacksonville Financial News & Daily Record about the Greenleaf Building at the corner of Laura and Adams streets. It was a quote which jumped out at me which read :
Barakat said he will market the building and its floors on a mostly local basis. “Office condominiums are targeted at local businesses,” he said. “A national company is not going to buy a condominium.”
He went on to outline his sales strategy which was that asking a national company to buy a office condo was a waste of time because a national company wants to have the ability and the flexibility to move around and relocate if necessary. But a local company with roots would be most likely to buy than to rent, probably because the employees of the business have local roots and they are not likely to move very far with their business. I was interested to read that you could save as much as $400,000 over a ten year period if you chose to buy instead of rent.
Dec
13
Jacksonville property market “healthier than other Florida markets”
Filed Under Jacksonville Homes, Jacksonville property development | Leave a Comment
A real estate professor has analyzed the property market for Jacksonville and compared it to the rest of Florida - and he has encouraging & positive opinions for Jacksonville.
Rosenberg said : “I am not a pessimist about Jacksonville at all. Compared to other markets in Florida, it is a lot healthier”.
Although the overall median price has dropped in the area, Professor Rosenberg points out that this is actually good for buyers and developers because the buyers get a good deal and developers get to sell more properties on their books which in turn frees up funds for new projects and growth.
“You can clearly look and say that the Jacksonville market is holding up better than any other” said Rosenberg.