Housing Market Update- New Build Inventory- BUILD TO RENT RECON

A teaser look at the surge of new construction rental inventory entering the Jacksonville Florida real estate market. This snapshot highlights day 1 of an ongoing survey tracking single family and townhome communities being built specifically for the rental market by institutional investors.

In just a quarter of Jacksonville's suburbs, 2 new single family rental sites were identified that weren't even on our radar. With more areas still to survey, it's clear the available inventory of brand new turnkey rental homes is rapidly increasing. We'll be monitoring these new additions closely and reporting back regularly.

Beyond the build-for-rent SFRs, there is also a boom in multifamily and apartment complex construction underway. For real estate investors and landlords, this data is crucial to understand. The influx of corporate-owned rental properties will impact occupancy, rents, and overall housing affordability in Jacksonville.

Stay tuned for more field reports tracking the new construction rental wave across Northeast Florida. Vital intelligence for anyone investing in Jacksonville real estate and rentals.