Jacksonville Multifamily MarketBeat Q1 2026

This Cushman & Wakefield report analyzes Jacksonville's multifamily market in Q1 2026, documenting that development activity decelerated with just under 1,000 units delivered and units under construction declining to approximately 2,500, while inventory has expanded nearly 30% since 2020. Market fundamentals showed stabilized occupancy at 90.3% with net absorption of 1,200 units in Q1, average effective rents at $1,492 per unit declining 0.2% year-over-year, and sales volume of 11 properties totaling $160.4 million.