Multifamily Jacksonville Market Report Q2 2024 by NAI Hallmark
2024 Q2 Jacksonville Multifamily Market Indicators

“In 2024, newfound confidence in capital and insurance markets has led to stabilizing cap rates. Consequently, sales volume has increased, though it remains below historical trends. This year will also see a peak in new supply, followed by a 60% drop in new deliveries in 2025. Driven by population and job growth, strong absorption is making most investors bullish on North Florida’s multifamily fundamentals moving forward.”

John Rutherford, Senior Vice President, Multifamily Investment Sales with NAI Hallmark
Luke McCann

Vice President, Multifamily Investment Sales

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Q2 Jacksonville Multifamily Market Report