Summary
Currently there are 7,700 apartment units in the Jacksonville, FL market area, however by March 2001 that number will grow to almost 9,300 apartment units. This is about a 17% growth in apartment supply over a two year period. Also to note population growth* in the city will be about 3.5% over this same general time frame. With these percentages it might not be advisable for Company X to build in the Jacksonville, FL market area.
*Population information is taken from the 1990 US Census projections
(1997=725,000 & 2002=755,000)