Multifamily rents rates now average $1,100 a month in Jacksonville, FL. Multifamily rents rates now average$1,100 a month in Jacksonville, FL.

JACKSONVILLE, FL—With the likes of Amazon, the Mayo Clinic andBaptist Health investing in the greater Jacksonville area, nowonder the multifamily market here is enjoying strong demand andrecord deliveries.

The latest research from Colliers International Northeast Florida showsthat Jacksonville has seen the strongest multifamily demand in 10years with a record high occupancy rate of 96.5%. Despiteapproximately 8,200 units in the pipeline in the Jacksonville area,including half in the highly sought-after Baymeadows and Southeastmarkets, the multifamily vacancy rate is expected to remain below5% through 2019.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.