Nearly half of Jacksonville property managers are offering perks as rental market cools. What have you seen?

JACKSONVILLE, Fla. – An apartment construction boom in Duval County is giving renters more options and better deals.

A new Zillow report found that in the Jacksonville metro area, 45.6% of rentals offered a concession in July. That’s compared to 27.8% a year ago. The typical asking rent is $1,769, up 0.8% from last year.

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Short-term perks include things like free weeks of rent or free parking, according to Zillow.

Here are some of the highlights from the report:

• More new multifamily units were completed in June than in any month in the past 50 years

• More than half of rentals are offering a concession in Raleigh, Charlotte, Atlanta, Salt Lake City, Nashville and Austin

• The rental vacancy rate held steady at 6.6%. The last time a higher share of rentals sat empty was the winter of 2021

Property managers are responding to the current market trend by offering concessions to attract tenants to fill empty units.

Tell us, are you noticing more concessions or incentives for renting? Fill out the form below and we may use your answer on air or online.