Jacksonville, FL Multifamily Market Report | Colliers | Q1 2026

Market Overview

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Jacksonville's multifamily market is stabilizing in Q1 2026 as robust high-end demand and plummeting construction starts offset supply imbalances, positioning the sector for a measured recovery and positive rent growth by late 2026. Occupancy held at 93.2%, reflecting healthy renter demand even as the market works through a period of elevated inventory. Rents saw a 1.3% annual adjustment, driven primarily by a surge in new supply and widespread use of move-in incentives. New completions dropped roughly 38% compared to the prior year, and the construction pipeline has tightened considerably to just 4,130 units currently in progress, setting the stage for improved supply-demand balance as deliveries continue to moderate.

‍About Colliers

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Colliers is a global real estate services and investment management firm operating across more than 60 countries. The firm offers comprehensive brokerage, capital markets, valuation, advisory, and research services. Their Q1 2026 Jacksonville multifamily report tracks occupancy, rents, absorption, deliveries, and construction activity to help owners, developers, and investors assess market conditions and timing. To read the full report, click here.