Why Jacksonville

EFFECTIVE RENT VS STABILIZED OCCUPANCY RATE Multifamily Market Snapshot Q1 2025 113,857 UNITS Jacksonville Inventory

ABSORPTION VS COMPLETIONS

90.8% STABILIZED OCCUPANCY RATE Excludes Properties Still In Their Initial Lease-Up Period

10.0k

96 %

$ 1.5k

8.0k

94 %

6.0k

$ 1.0k

92 %

Effective Rents Increased 19.2% Over the Past Five Years ENDING Q1 2025 AT $1,546 PER UNIT

4.0k

$ 0.5k

90 %

2.0k

0.0k

2,866 Units Under Construction AT END OF Q1 2025

2020

2021

2022

2023

2024

2025 YTD

$ 0.0k

88 %

1Q20

1Q21

1Q22

1Q23

1Q24

1Q25

Effective Rent Per Unit

Stabilized Occupancy Rate

Construction Completions

Overall Net Absorption

31,250 Units Delivered SINCE 2020

Over $8.1 Billion In Sales Over The Past 5 Years WITH A RECORD-SETTING $2.7 BILLION IN 2021

Cushman & Wakefield | Why Jacksonville

Source: CoStar