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REA
January 31, 2018  

MARKET SPOTLIGHT: Northern Florida Apartment Properties

Construction is on the rise in Jacksonville, where the average occupancy rate has hovered near 96% since mid-2015. According to federal housing data, development permits for more than 4,100 units were issued during the 12 months ending in August, more than double the year before.Job growth is fueling the building spree. Jacksonville employment on Nov. 30 was up 2.8% from a year earlier, double the national growth rate, according to Walker &...


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