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One hundred units are expected to be ready for residents in the first part of 2023. When completed the next year, the complex will have 295 apartments.
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Rents rose a little more slowly in July, according to two new studies, but things may not get back to normal for a while.
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Jacksonville City Councilman Rory Diamond is proposing to let people build Accessory Dwelling Units on their property. They could rent out the structures to help weather inflation and create more homes.
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COVID transplants from New York are starting to return home, which should slow rent increases in Jacksonville and other parts of Florida.
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Construction is underway for Presidium Regal Apartments, a gated, 334-unit luxury apartment community at 14051 Beach Blvd.
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Aventon JAX South will feature one-, two- and three-bedroom apartments in four-story towers with elevators.
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The Jax Rental Housing Project will analyze the local rental market and advocate for solutions.
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Despite wildly rising rents, a study by RentCafe cites Jacksonville's low cost of living, great weather and abundance of entertainment options.
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Economist Ken H. Johnson says the nation faces a housing crisis that will lead to deep financial losses for millions of homeowners — except in places like Florida. Here, homes and apartments could remain unaffordable for some time.
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Jacksonville's rents increased faster than the nation as a whole from April 2021 to April 2022, according to a study by the Redfin real estate brokerage.