JACKSONVILLE, FL – April 2, 2024 – NAI Hallmark, the largest locally owned full-service commercial real estate brokerage and property management firm in Jacksonville, announces the firm’s continued growth by expanding its team with the appointment of Patrick Buckley as Senior Vice President of Brokerage. Patrick is a career sales professional with over 18+ years as a commercial real estate advisor. In his new role, Patrick will focus on tenant and landlord representation for industrial and office properties. Patrick began his real estate career in 2003 at Colliers where he was a Vice Presid ..read more

JACKSONVILLE, FL – March 15, 2024 – NAI Hallmark, the largest locally owned full-service commercial real estate brokerage and property management firm in Jacksonville, is pleased to announce the arrival of the newest tenant at 501 Riverside, Pinnacle Financial Partners. NAI Hallmark’s Co-CEO Christian Harden, Vice President Patrick Carney, and Vice President Sarah Teagle finalized the lease transaction totaling 18,712 square feet.  The new office serves as a temporary location until the construction completion of a permanent office and a full-service retail office in the same building ..read more

Download Our Exclusive Jacksonville Multifamily Development Pipeline Report See the latest updates in Jacksonville’s Multifamily developments. Please enable JavaScript in your browser to complete this form. Name * First Last Company Email * Sign Confidentiality Agreement I accept the Confidentiality Agreement NAI/Hallmark Partners, LLC ("NAI") has available certain information concerning Market Research and is prepared to furnish such information to the undersigned party (the "Receiver") provided that Receiver and its Representatives (as defined below) agree to the terms and pr ..read more

JACKSONVILLE, FL., – February 27, 2024 – NAI Hallmark announces the sale of Hidden Oaks Apartments. The property is located at 10825 Key Haven Boulevard in Jacksonville, Florida. Multifamily Investment Sales, Vice President Luke McCann and Senior Vice President John Rutherford brokered the transaction on behalf of Key Haven Partners, the seller and Measured Capital, the buyer. “NAI Hallmark is pleased to have represented the Seller and Buyer in the sale of Hidden Oaks Apartments,” said McCann. “The transaction serves as yet another example of investors capitalizing on Jacksonville’s strong ..read more

“Tallahassee has become a standout market in Florida over the last twelve months. Even with strong headwinds in the capital markets, the area has continued to see positive rent growth, manageable insurance increases, large investments from developers, and has had some of the highest sales velocities in the state on a pound-for-pound basis. Major infrastructure initiatives, including the Airport Gateway and the Capital Cascade Trail, will compliment private industrial investments to make the local economy more dynamic over the next few years. With macro-economic indicators trending in a p ..read more

Featured in this quarter’s Jacksonville Market report: Read exclusive insights from NAI Hallmark brokers on Jacksonville’s biggest sectors. Learn about the major leases and sales closed over the last quarter. See tables and graphs of historical asking rates, vacancy rates, and absorption. Discover what big news is happening in the coming months. Download Our Exclusive Jacksonville Market Report Please enable JavaScript in your browser to complete this form. First Name * Email * GET INSTANT ACCESS The post Jacksonville 4th Quarter 2023 Market Report appeare ..read more

JACKSONVILLE, FL., – February 7, 2024 – NAI Hallmark announces the sale of Southwood and Lansdowne Crossing Apartments. The properties are located at 4070 Barnes Road South and 1600 Lansdowne Drive in Jacksonville, Florida. Multifamily Investment Sales, Senior Vice President John Rutherford and Vice President Luke McCann brokered the transaction on behalf of Think Multifamily, the seller and a joint venture of Westmount Square Capital (“WSC”) & Miramar Capital, the buyer. “NAI Hallmark is pleased to have represented the Seller and Buyer in the sale of Southwood and Lansdowne Crossing Ap ..read more

“Thanks to massive migration over the last three years, the Daytona Beach market has seen considerable capital investment from developers. Over 1,200 units were delivered in 2023 and another 1,400 are forecasted in the first half of 2024 alone. While the large addition of lease-up deals has impacted overall occupancy, stabilized occupancy is holding firm at 92.4%. Favorable macro-economic trends, high household incomes, and positive net migration to the MSA all inspire confidence that the Daytona Beach area will remain a solid market for multifamily investors for many years to come ..read more

In recent years, there has been a remarkable surge in the popularity of wellness and aesthetic medical centers, reflecting an increasing global awareness of the importance of self-care and overall well-being. With people prioritizing health and beauty, the demand for services provided by these centers has grown exponentially.  As stated from the Global Wellness Institute, “Wellness real estate was a $225 billion market in 2019, and it saw explosive growth during the pandemic, reaching $398 billion 2022. Wellness real estate has been the fastest-growing sector in the wellness economy si ..read more

“2023 saw a drop in transactions as the market responded to drastic increases in interest rates, insurance premiums, and operating expenses, while also navigating the influx of new supply. With the expectation of interest rate reductions and a stabilization of insurance markets in 2024, deal volume is anticipated to bounce back. A swiftly diminishing development pipeline and the nation’s fastest-growing employment base give Jacksonville good footing to maintain its strong performance compared to most other U.S. markets.” Luke McCann Vice President, Multifamily Investment Sales ..read more