Rents are stabilizing, but they still challenge lower-income workers
Predictable seasonal slowdowns, an influx of new inventory as well as lifestyle changes should keep rents somewhat stable through the rest of the year, according to a Franklin Street Multifamily Report.
In the third quarter, July-September, the Jacksonville market saw an increase of 2,216 units.
That eased the demand seen in the first part of 2022, said Steven McAdoo, director of multifamily investment sales.
Read the rest of this story at the Jacksonville Daily Record, a WJCT News partner.