Market Snapshot Jacksonville Q1 2025

Market Overview

Jacksonville is the most populous city in Florida by land area and had a metro population of nearly 1.7 million in 2024. The region’s economy is powered by logistics (JAXPORT), healthcare (Baptist Health, Mayo Clinic), and fintech. In Q1 2025, absorption reached a 10-year high with over 1,800 units leased, while occupancy stabilized at 90.7%. Construction is cooling, with starts down 40% YoY and the active pipeline halved compared to early 2024. Submarkets like Arlington and Westside are seeing growing interest as renters seek affordable options near employment nodes.

About MMG

MMG Real Estate Advisors provides practical, results-driven market reports geared toward multifamily operators and investors. With a central focus on lease-up dynamics, submarket comps, and transaction velocity, MMG’s reports cut through the noise to deliver decision-grade data. The firm has built a strong reputation across Sunbelt metros like Jacksonville, where clarity and timing are key in rapidly shifting market conditions.