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As commercial development booms in St. Johns County, balance in offerings becomes important

February 13, 2019
Palenica Village

For those who follow business news, it’s well known that some of this country’s venerable retail outlets are fighting for life — like Sears — while others have already slipped away — Toys “R” Us, for instance.

But despite those troubles and the increased pressure from online retailers like Amazon, commercial development, which includes but is not limited to retail, is thriving in St. Johns County.

According to the county building department report, the market valuation of commercial building in the last quarter of 2018 was $55.5 million, which was more than twice the amount in the fourth quarter of 2017.

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