As headlines continue to highlight retail closures across the country, Jacksonville’s market is proof that physical retail spaces will not disappear anytime soon.
Yes, we are certainly seeing a change in the retail industry, but the term “retail apocalypse” is an over-exaggeration. In fact, we don’t have to look far to see retailer confidence in our market, as St. John’s county is booming with retail development. Brands like Publix’s GreenWise Market, Earth Fare, Walmart, and Home Depot are just a few examples of retailers continuing to grow their footprints in Northeast Florida.
We are more so seeing a shift in physical retail spaces as more service, experiential, and medical uses take over storefronts that were previously slotted for traditional retail stores. Yes, you can order almost anything on Amazon these days, but you can’t replicate the experience of a dinner at a trendy restaurant or a solid workout at a gym that specializes in your interests.
Eric Yi joined NAI Hallmark in 2019 after serving his hometown of Jacksonville for several years in the commercial real estate retail market specializing in landlord/seller rep and investment sales. Applying his expertise and familiarity with the market, Eric discovers unique opportunities and believes that the process is just a valuable as the end result.