It has been sleepy in the office condo arena. Not anymore! There hadn't been any built to speak off since 2007, but now things are starting to heat up. It started in St. Johns County with the development of Nocatee office units and with those in Palencia. They have been followed by new units in Bartram Park and Greenland Road.
Greenland Road Office Center was originally designed as a complex of 150 office condo units. With the downturn in 2008, the Developer moved his operation to Texas where the office condo market was exploding and still is today. However, last month, he returned emphasis to Jacksonville and began further development at Greenland. The first builiding is halfway complete and is already half sold. Interest is brisk and there is a good opportunity that there will be a total of 24 units built at the site. Interest in the area is high because of the growth in residential areas along Greenland. The prices are still low and now is the time to take a serious look at getting one of these offices.