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.

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John Jordan

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