Tampabay / September 5, 2025
Lakeland/Polk Industrial Market Report | Q2 2025
Highlights:
Polk County’s unemployment rate increased to 4.5%, up 30 basis points (bps)
year-over-year (YOY), though 3,400 new jobs were added in that time. As one
of the fastest-growing counties in the country, population growth continued to
drive demand for industrial space.
- 8.5% Vacancy Rate
- 816,194 SF Under Construction
- 1.1M SF Absorption YTD
- $7.59 PSF Average Asking Rent
Have questions about the report or looking for more information about TBIA’s available listings in the Tampa Bay area? Please reach out to the team!
John Jackson, SIOR, CCIM. | Managing Director
813 424 3202 | John.Jackson@cushwake.com
JT Faircloth, SIOR | Director
813 833 3242 | Jt.Faircloth@cushwake.com
Casey Perry | Senior Associate
813 233 6464 | Casey.G.Perry@cushwake.com
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