Jacksonville Projected Population Growth

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Snapshot
Jacksonville medical real estate is gearing up for senior
population growth
Source: JLL Research, Office of Economic and Demographic Research
Jacob Attaway | Jacob.Attaway@am.jll.com
• Florida is very well known for its retiree draw. With quiet coastal communities, warm weather and plenty
of entertainment and hospitality, it’s no wonder that senior population is expected to increase.
• This is particularly true as the baby boomer generation begins to age into their senior years over the next
10-15 years.
• From 2010 to 2045, the senior population is anticipated to grow by about 166.0 percent at average annual
rate of 15.7 percent as compared to total population which is only anticipated to grow by 54.0 percent at
6.4 percent per year.
• All other cohort groups are anticipated to maintain relatively the same proportion of the total population.
• With about 365,000 square feet of medical office space currently under construction in the Jacksonville
area, it is clear that Toll Brothers and other local developers are positioning for this phenomenon.
October 10, 2019
Jacksonville
0%
10%
20%
30%
40%
50%
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100%
2010 2018 2020 2025 2030 2035 2040 2045
Percentoftotalpopulation
0 to 14 15 to 24 25 to 39 40 to 64 65+