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Jacksonville Sees Record High Occupancy As Construction Of Multifamily Homes Soar

The occupancy rate is currently at a record high of 96.5%

Some 8,200 new multifamily units are under construction in the Jacksonville metro area. Despite all the construction, Jacksonville’s vacancy rate is projected to remain below 5% through 2019. The occupancy rate is currently at a record high of 96.5%, according to a new multifamily housing report out from Colliers International for the second quarter of 2019.

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The fastest growing area, in terms of current multifamily housing construction, is Baymeadows and the Southeast side of Jacksonville, according to Colliers International. Those areas account for nearly half of the units being built.

Read more about Jacksonville's multifamily occupancy rates.

Source | WJCT.org


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