Rents are stabilizing, but they still challenge lower-income workers

Published on November 29, 2022 at 10:32 am

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.

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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 Jacksonville Today news partner.

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