It’s no secret that the basis of our local economy is the US Military. The government is our largest employer. . .and local businesses benefit by providing services that support both the troops and their families.
I have worked this past week with some very frustrated clients. Folks freshly back from deployment who need something, well, “yesterday.” Truly, our office tries to keep tenants in place if possible while an active duty member deploys, gone are the days where waves of spouses and families move “home” during a deployment, there are fabulous support programs in place such as the Key Volunteer Network and L.I.N.K.S. Compared to the Desert Storm years, and many more new businesses and things to do in the Eastern N.C. area.
With a huge deployment return, we in the industry frequently have a run on rental properties. . .highlighting our need for more residences. We are expecting an approximate 10,000 troop increase, not taking into account the families, and in some cases extended families that move with them. There is and will continue to be a need and market for both multi-family dwellings such as apartment complexes and duplexes as well as single family homes in every price range.
Short and sweet: the Jacksonville economy is a pretty darn safe and secure market to invest in!