After landing in the top spot for the pace of annual rent growth during the first six months of 2023, Jacksonville, Florida, has ceded first place but remains only 0.1% away from the Phoenix market, which is currently the top-ranked market in the nation. It continues to outperform every other major Florida market, four of which remain in the top 10 markets in the nation.
Jacksonville’s Retail Sector Second in the U.S. for Rent Growth During the Third Quarter
The Market Falls from First Place One Quarter Before but Remains Strong
By Lisa McNatt
CoStar Analytics
October 17, 2023 | 4:05 P.M.
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