{"id":9450,"date":"2025-05-07T09:43:00","date_gmt":"2025-05-07T09:43:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9450"},"modified":"2025-10-15T09:49:34","modified_gmt":"2025-10-15T09:49:34","slug":"jacksonville-multifamily-market-report-april-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-april-2025\/","title":{"rendered":"Jacksonville Multifamily Market Report \u2013 April 2025"},"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<hr \/>\n<h2>Ample Supply Pressures Asking Rents<\/h2>\n<p>Jacksonville average advertised asking rents were flat on a trailing three-month basis as of February, on par with the nation, according to the latest Yardi Matrix Jacksonville multifamily market report. Yet, the increase in new deliveries over the past two years took its toll. Advertised asking rents dropped 1.7% in Jacksonville year-over-year, while the national average saw a 1.2% increase. Occupancy also declined, down 40 basis points year-over-year, to 92.1% in February, while the national rate was unchanged at 94.5%, as reported in the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>U.S. multifamily report<\/strong><\/a>.<\/p>\n<p><iframe id=\"datawrapper-chart-KcJGj\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Jacksonville vs. National Rent Growth  \" src=\"https:\/\/datawrapper.dwcdn.net\/KcJGj\/1\/\" height=\"329\" 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,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();<br \/>\n<\/script><\/p>\n<p>Jacksonville closed last year with unemployment at 3.1%, according to Bureau of Labor Statistics data. The figure was 30 basis points lower than the state average and 100 basis points below the national figure. The metro gained 11,600 net jobs in the past<br \/>year, aided chiefly by the education and health services sector. One of the ways the local government is helping the sector is by donating approximately 22 acres of land for the University of Florida to build a new campus. The site would also become the<br \/>home of the Florida Semiconductor Institute.<\/p>\n<p><iframe id=\"datawrapper-chart-w4EU2\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Jacksonville Employment Share by Sector \" src=\"https:\/\/datawrapper.dwcdn.net\/w4EU2\/1\/\" height=\"417\" 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,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();<br \/>\n<\/script><\/p>\n<p>Jacksonville added 7,679 units to its existing inventory last year, registering the highest influx of new supply in at least a decade. Construction is powering through, with more than 11,000 apartments under construction as of February. Meanwhile, investment<br \/>saw an uptick, at least when compared to 2023, with transactions totaling $709 million last year.<\/p>\n<p>Read the full Yardi Matrix Jacksonville Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/7097-MatrixMultifamilyJacksonvilleReport-April2025\" rel=\"\"><strong>April 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Ample Supply Pressures Asking Rents Jacksonville average advertised asking rents were flat on a trailing three-month basis as of February, on par with the nation, according to the latest Yardi Matrix Jacksonville multifamily market report. Yet, the increase in new deliveries over the past two years took its toll. Advertised asking rents dropped 1.7% in [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":8817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[31,513],"class_list":["post-9450","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-2025"],"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 April 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Fundamentals were pressured by the sustained influx of high incoming supply in Jacksonville, 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-april-2025\/\" \/>\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 April 2025\" \/>\n<meta property=\"og:description\" content=\"Fundamentals were pressured by the sustained influx of high incoming supply in Jacksonville, Yardi Matrix reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-april-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-07T09:43:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-15T09:49:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/05\/Jacksonville-iStock-2182161078-MHN-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\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 April 2025 - Yardi Matrix Blog","description":"Fundamentals were pressured by the sustained influx of high incoming supply in Jacksonville, Yardi Matrix reports.","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-multifamily-market-report-april-2025\/","og_locale":"en_US","og_type":"article","og_title":"Jacksonville Multifamily Market Report \u2013 April 2025","og_description":"Fundamentals were pressured by the sustained influx of high incoming supply in Jacksonville, Yardi Matrix reports.","og_url":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-april-2025\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2025-05-07T09:43:00+00:00","article_modified_time":"2025-10-15T09:49:34+00:00","og_image":[{"width":1200,"height":900,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/05\/Jacksonville-iStock-2182161078-MHN-1.jpg","type":"image\/jpeg"}],"author":"Adina Rogoz","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Agota Felhazi","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-april-2025\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-april-2025\/"},"author":{"name":"Adina Rogoz","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8"},"headline":"Jacksonville Multifamily Market Report \u2013 April 2025","datePublished":"2025-05-07T09:43:00+00:00","dateModified":"2025-10-15T09:49:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-april-2025\/"},"wordCount":239,"commentCount":0,"publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-april-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/05\/Jacksonville-iStock-2182161078-MHN-1.jpg","keywords":["Jacksonville","Multifamily Outlook 2025"],"articleSection":["Metro Reports","Multifamily Market","Real Estate Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-april-2025\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-april-2025\/","url":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-april-2025\/","name":"Jacksonville Multifamily Market Report \u2013 April 2025 - Yardi Matrix Blog","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-april-2025\/#primaryimage"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-april-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/05\/Jacksonville-iStock-2182161078-MHN-1.jpg","datePublished":"2025-05-07T09:43:00+00:00","dateModified":"2025-10-15T09:49:34+00:00","description":"Fundamentals were pressured by the sustained influx of high incoming supply in Jacksonville, Yardi Matrix reports.","breadcrumb":{"@id":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-april-2025\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-april-2025\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-april-2025\/#primaryimage","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/05\/Jacksonville-iStock-2182161078-MHN-1.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/05\/Jacksonville-iStock-2182161078-MHN-1.jpg","width":1200,"height":900,"caption":"Photo by felixmizioznikov\/iStockphoto.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardimatrix.com\/blog\/jacksonville-multifamily-market-report-april-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardimatrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Jacksonville Multifamily Market Report \u2013 April 2025"}]},{"@type":"WebSite","@id":"https:\/\/www.yardimatrix.com\/blog\/#website","url":"https:\/\/www.yardimatrix.com\/blog\/","name":"Yardi Matrix Blog","description":"Stay current with the latest commercial real estate market trends and forecasts","publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardimatrix.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.yardimatrix.com\/blog\/#organization","name":"Yardi Matrix","url":"https:\/\/www.yardimatrix.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","width":200,"height":39,"caption":"Yardi Matrix"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/yardi-matrix\/","https:\/\/www.youtube.com\/channel\/UCRHgAZL4YoyeNEdiRN5uj0g"]},{"@type":"Person","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8","name":"Adina Rogoz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7708bca9e09cc5676d0f96a14b833143f233709c6888184035d1e1f75c05fabb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7708bca9e09cc5676d0f96a14b833143f233709c6888184035d1e1f75c05fabb?s=96&d=mm&r=g","caption":"Adina Rogoz"},"description":"Adina Rogoz is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2016 and is writing real estate related news, blog articles, reports and Q&amp;As. \ud83d\udce7 You can reach out to her at adina.rogoz@cpe-mhn.com","url":""}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/05\/Jacksonville-iStock-2182161078-MHN-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/9450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/436"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=9450"}],"version-history":[{"count":1,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/9450\/revisions"}],"predecessor-version":[{"id":9454,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/9450\/revisions\/9454"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/8817"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=9450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=9450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=9450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}