{"id":3970,"date":"2022-04-28T15:00:00","date_gmt":"2022-04-28T15:00:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=3970"},"modified":"2023-09-13T11:09:41","modified_gmt":"2023-09-13T11:09:41","slug":"jacksonville-housing-market-april-2022","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-housing-market-april-2022\/","title":{"rendered":"Jacksonville Housing Market\u00a0&#8211; April 2022"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Northeast Florida Turns On Multifamily Engine<\/h2>\n\n\n\n<p>Jacksonville has been supported in the past couple of years by <strong><a href=\"https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-summer-2021\/\">healthy fundamentals<\/a><\/strong>. The significant population growth had a substantial impact on the metro\u2019s quick economic rebound, fueling both investments and rent gains. At 24.2%, <strong>Jacksonville is among the hottest metros in the country<\/strong> for year-over-year rent improvements as of February. On a trailing three-month basis, <strong>rents climbed by 0.5% to $1,469<\/strong>, below the $1,628 U.S. average. The lower cost of living continues to add to the market\u2019s appeal.<\/p>\n\n\n\n<p><strong>All employment sectors added jobs last year,<\/strong> with trade, transportation and utilities leading the way. JaxPort is expanding to accommodate companies experiencing supply chain disruptions at other U.S. ports. Meanwhile, taking advantage of Jacksonville\u2019s geographic location, Amazon is expanding its business in the area. The company built a $100 million, 1 million-square-foot fulfillment center at Imeson Park and a 278,237-square-foot sortation facility at Cecil Commerce Center.<\/p>\n\n\n\n<p><strong>Investors began 2022 on a high note<\/strong>. More than $321 million in multifamily assets traded in the first two months of the year, a notable uptick from last year\u2019s $89.7 million for the same period. Developers have also been busy: Two projects encompassing 588 units were delivered this year through February, with another 7,967 units under construction<\/p>\n\n\n\n<p>Read the full <strong><a href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/2001-MatrixMultifamilyJacksonvilleReport-April2022\">Matrix Multifamily Jacksonville Report-April 2022<\/a><\/strong><\/p>\n\n\n\n<div style=\"height:45px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Northeast Florida Turns On Multifamily Engine Jacksonville has been supported in the past couple of years by healthy fundamentals. The significant population growth had a substantial impact on the metro\u2019s quick economic rebound, fueling both investments and rent gains. At 24.2%, Jacksonville is among the hottest metros in the country for year-over-year rent improvements as [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":3971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[31,444],"class_list":["post-3970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-jacksonville","tag-multifamily-outlook-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Jacksonville Housing Market\u00a0- April 2022 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Jacksonville has been supported in the past couple of years by healthy fundamentals.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/jacksonville-housing-market-april-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jacksonville Housing Market\u00a0- April 2022\" \/>\n<meta property=\"og:description\" content=\"Jacksonville has been supported in the past couple of years by healthy fundamentals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/jacksonville-housing-market-april-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-28T15:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-13T11:09:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/05\/Jacksonville-iStock-1330086015.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Laura Calugar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Jacksonville Housing Market\u00a0- April 2022 - Yardi Matrix Blog","description":"Jacksonville has been supported in the past couple of years by healthy fundamentals.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-housing-market-april-2022\/","og_locale":"en_US","og_type":"article","og_title":"Jacksonville Housing Market\u00a0- April 2022","og_description":"Jacksonville has been supported in the past couple of years by healthy fundamentals.","og_url":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-housing-market-april-2022\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2022-04-28T15:00:00+00:00","article_modified_time":"2023-09-13T11:09:41+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/05\/Jacksonville-iStock-1330086015.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Laura Calugar","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-housing-market-april-2022\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-housing-market-april-2022\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"Jacksonville Housing Market\u00a0&#8211; 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