Jacksonville, Florida, USA downtown city skyline

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Average Rent

$1,423 average rent in Jacksonville, Q2 2026

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Occupancy Rate

91% occupancy rate Jacksonville, Q2 2026

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T4Q Net Absorption

4,804 T4Q net absorption in Jacksonville, Q2 2026

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Annual Rent Change

-1% annual rent change in Jacksonville, Q2 2026

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BPS Annual Occupancy Change

0 BPS annual occupancy change in Jacksonville, Q2 2026

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T4Q Unit Completions

2,660 T4Q net absorption in Jacksonville, Q2 2026

Key Takeaways

  • Demand continues to outpace supply, with trailing 12-month absorption of 4,804 units nearly doubling the 2,660 units delivered, extending positive absorption to four consecutive quarters.
  • The construction pipeline is contracting rapidly, with trailing 12-month starts falling to 1,674 units from 3,423 a year ago and 3,235 units remaining under construction (2.5% of inventory).
  • Effective rents have stabilized at $1,423, down a modest 0.5% year-over-year. Still, Jacksonville has posted two consecutive quarters of sequential gains, while overall occupancy held steady at 90.7%.

Market Outlook

Jacksonville is positioned in the late stage of its supply cycle, with both starts and deliveries declining. The under-construction pipeline of 3,235 units, or 2.5% of inventory…