Which phase of the market cycle is Jacksonville Florida?

[Seavron Banus]

There is a lot of talk about Jacksonville, FL as a "hot" market for investment. Forbes wrote an article in early 2017 which put JAX high on the list of good places to invest (based on job growth, unemployment, foreclosures, etc.). As investor I see both the positive trends, and a market that is getting so much attention that deals are harder to come by.

Rents seem to be going up, but for how long?

For anyone who is also investing in the area, tracking metrics like price per foot, etc. where do they think the market is right now?

Looking to start a good data backed discussion, let's hear your thoughts!