Jacksonville Multifamily Market Presents Strong Value-Add Opportunities for Investors
Franklin Street’s Q3-21 report on the Jacksonville Multifamily Market explores key indicators of the market’s health, from demographic trends to rent growth to investment sales activity. The report also offers exclusive insight and predictions from Franklin Street’s local experts on what can be expected from the market going forward.
- Jacksonville’s multifamily market displayed strong fundamentals in Q3-21 vacancy rates remained low despite approximately 1,300 units being delivered.
- Class B multifamily properties controlled majority of the total sales volume in Q3-21. Approximately 66% of total sales involved Class B properties. Class A properties represented 28% of the overall sales volume in the market, with Class C making up the remaining 6%.
- Overall, Jacksonville presents a value-add investment opportunity to investors wanting to enjoy significant price appreciation in value as well as increasing cash flows.