{"id":8810,"date":"2024-10-11T10:03:00","date_gmt":"2024-10-11T10:03:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8810"},"modified":"2025-05-22T10:12:04","modified_gmt":"2025-05-22T10:12:04","slug":"jacksonville-multifamily-market-report-september-2024","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-september-2024\/","title":{"rendered":"Jacksonville Multifamily Market Report \u2013 September 2024"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/jacksonville-multifamily-market-report\/\">Jacksonville Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<h2>Robust Supply Curbs Rent Growth, Occupancy<\/h2>\n<p>The recent supply expansion impacted rent gains, which stagnated again after briefly falling back into negative territory, according to the latest Yardi Matrix Jacksonville multifamily market report. Jacksonville average advertised asking rents were flat on a trailing three-month basis through July, at $1,502, while the U.S. figure rose by 0.3%, to $1,743, per the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>national multifamily report<\/strong><\/a>. The average occupancy rate in stabilized properties fell by 20 basis points over the 12 months ending in June, to 92.5%.<\/p>\n<p><iframe id=\"datawrapper-chart-KPDPV\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Denver vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/KPDPV\/1\/\" height=\"328\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>According to the Bureau of Labor Statistics, the metro\u2019s unemployment rate reached 3.0% in May, 30 basis points below January\u2019s rate. The figure was 100 basis points below the U.S. rate of 4.0% and 30 basis points below the state average of 3.3%. Employment rose by 2.0% (16,400 jobs) in the 12 months ending in May, significantly above the national average of 1.3%. All but three sectors saw job growth, led by education and health services (5,800 jobs) and leisure and hospitality (3,500 jobs).<\/p>\n<p><iframe id=\"datawrapper-chart-xOEaE\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Denver Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/xOEaE\/1\/\" height=\"423\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>Developers delivered 3,989 units through July and had another 13,392 units under construction. All completions and more than 86% of the under-construction pipeline were Lifestyle units. Investment was near the same level as in 2023, with deals amounting to $452 million in the first seven months of the year. However, the price per unit saw an increase of 4.7% year-over-year.<\/p>\n<p>Read the full Yardi Matrix Jacksonville Multifamily Market Report: <a href=\"\/publications\/download\/file\/6219-MatrixMultifamilyJacksonvilleReport-September2024\" rel=\"\"><strong>September 2024<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Robust Supply Curbs Rent Growth, Occupancy The recent supply expansion impacted rent gains, which stagnated again after briefly falling back into negative territory, according to the latest Yardi Matrix Jacksonville multifamily market report. Jacksonville average advertised asking rents were flat on a trailing three-month basis through July, at $1,502, while the U.S. figure rose by [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":7882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[31,511],"class_list":["post-8810","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-2024"],"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 Multifamily Market Report \u2013 September 2024 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Jacksonville\u2019s advertised asking rents were flat on a T3 basis through July, at $1,502, Yardi Matrix reports.\" \/>\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-multifamily-market-report-september-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jacksonville Multifamily Market Report \u2013 September 2024\" \/>\n<meta property=\"og:description\" content=\"Jacksonville\u2019s advertised asking rents were flat on a T3 basis through July, at $1,502, Yardi Matrix reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-september-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-11T10:03:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-22T10:12:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/05\/Jacksonville-iStock-2153071511.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=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Agota Felhazi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Jacksonville Multifamily Market Report \u2013 September 2024 - 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