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Jacksonville Cooldown Continues After two years of unprecedented growth, Northeast Florida’s multifamily market began cooling off at the end of 2022. Short-term rent growth was negative for the fourth consecutive month in February, contracting 0.2% on a T3 basis. Construction and investment activity also decreased.
After two years of unprecedented growth, Northeast Florida’s multifamily market began cooling off at the end of 2022. Short-term rent growth was negative for the fourth consecutive month in February, contracting 0.2% on a T3 basis. Construction and investment activity also decreased.
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