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Momentum builds in Lakeland, Florida’s industrial market

Large deals and improving tenant demand signal a turning point for vacancy
Ashley Furniture purchased Lakeland Central Park Building 200 in March 2025 for $70.5 million. (CoStar)
Ashley Furniture purchased Lakeland Central Park Building 200 in March 2025 for $70.5 million. (CoStar)
CoStar Analytics
August 18, 2025 | 4:32 P.M.

The Lakeland industrial market, near Tampa, Florida, is gaining traction in the second half of 2025, with momentum accelerating after two quarters of robust absorption.

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