David Bauerlein | Jacksonville Florida Times-Union | March 17, 2025
The opening this month of three new apartment buildings will add about 1,300 residents to downtown Jacksonville and the ongoing construction of other apartments, townhomes and condos would enable the city to finally hit its long-time goal of 10,000 downtown residents in 2026.
Downtown Vision’s most recent State of Downtown report showed 7,657 residents in 4,707 residential units with a 96% occupancy rate in 2024.
“It’s still a premium address and if people have the quality of finishes and amenities they want, people are going to pay for that and that’s what we’re seeing,” Downtown Vision CEO Jake Gordon said.
“I do think in the very short term there’s a little bit of glut in the market,” he said. “People have so many more opportunities so it’s kind of shifted back to the renter but the reality is that as these get full, that will all work out.”
Source: The Florida Times Union