May 1, 2025
Matrix Multifamily Jacksonville Report-April 2025
High Supply Creates Challenges
Fundamentals were pressured by the sustained influx of high incoming supply in Jacksonville. Advertised asking rents stagnated on a T3 basis through February, in line with national rates, while YoY the gap was significant, with local rates down 1.7 percent as the U.S. average rose 1.2 percent.
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