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Record-setting construction completions ballooning Lakeland, Florida's multifamily vacancy rate

Vacancy rate at 25-year high despite significant improvements in renter demand
CoStar Analytics
November 21, 2024 | 5:39 P.M.

The Lakeland, Florida, multifamily market is in the midst of a historic supply wave as thousands of units have been completed in 2024, pushing vacancy to a 25-year high.

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News | Record-setting construction completions ballooning Lakeland, Florida's multifamily vacancy rate