Tampabay / November 5, 2024
Lakeland/Polk Industrial Market Report | Q3 2024
Highlights:
In Lakeland / Polk County industrial market, after three consecutive quarters of rising vacancy, the overall vacancy rate for warehouse/distribution (W/D) space dropped by 70 bps quarter-over-quarter (QOQ), to 10.3% in Q3 2024.
- 9 % Vacancy Rate
- 777,675 SF Under Construction
- 342K SF Absorption YTD
- $7.43 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 | Director
813 833 3242 | Jt.Faircloth@cushwake.com
Casey Perry | Senior Associate
813 233 6464 | Casey.G.Perry@cushwake.com
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