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Supply weighs on Jacksonville Heavy deliveries continued to pressure fundamentals in Jacksonville, with advertised asking rents down 1.4 percent YoY through February to $1,488 and occupancy sliding 10 bps to 92.6 percent. Meanwhile, employment growth moderated to 1.0 percent in 2025, ahead of the 0.6 percent U.S. average.
Heavy deliveries continued to pressure fundamentals in Jacksonville, with advertised asking rents down 1.4 percent YoY through February to $1,488 and occupancy sliding 10 bps to 92.6 percent. Meanwhile, employment growth moderated to 1.0 percent in 2025, ahead of the 0.6 percent U.S. average.
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