Tampabay / January 29, 2026
Lakeland/Polk Industrial Market Report | Q3 2025
Highlights:
Polk County’s unemployment rate increased 30 basis points (bps) year-overyear (YOY) to 4.7% and remained above the 4.3% national rate. Nonfarm
employment growth was modest, increasing 0.5% with 1,665 jobs added YOY,
with the construction industry contributing 200 new jobs and manufacturing
creating 400 additional positions.
- 6.8% Vacancy Rate
- 816,194 SF Under Construction
- 2.4M SF Absorption YTD
- $8.00 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. | Executive Director
813 424 3202 | John.Jackson@cushwake.com
JT Faircloth, SIOR | Senior Director
813 833 3242 | Jt.Faircloth@cushwake.com
Casey Perry | Director
813 233 6464 | Casey.G.Perry@cushwake.com
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