Commercial Real Estate Market in Lakeland, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
253 active listings and 7,568 off-market properties in Lakeland, FL. Commercial property asks $185/SF to buy and $18.00/SF/Yr to lease.
Market Trends
Lakeland, FL spans 257.0 square miles in Polk County, Florida. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Lakeland, FL has a median asking sale price of $227/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Lakeland, FL has a median asking sale price of $192/SF (based on 9 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Lakeland, FL has a median asking sale price of $145/SF. Vacancy runs 6.7% in 2025, down from 7.6% in 2019. Down from a 2024 peak of 8.9%.
Multifamily
Multifamily space in Lakeland, FL has a median asking sale price of $185/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Planned_development 33.6%
- Residential 23%
- Industrial 9.2%
- Commercial 4.3%
Largest Zones share of zoned land by district
Duplexes are not allowed in the Single-family residential zoning districts (RA-1, RA-2, RA-3 or RA-4). Duplexes (called Two-Family in the City’s Land Development Code, which can be found here: https://library.municode.com/fl/lakeland/codes/land_development_code?nodeId=15775 ) are permitted by right in the RB zoning districts and are Conditional Uses in the M…
Market overview
Demographics & Economy
Lakeland, FL has 266,785 residents in 115,660 households. Density runs 1,038 people per square mile. Median household income here is $69,373 and median gross rent $1,348 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Auburndale | $186 | $12.00 |
| Winter Haven | $299 | $21.00 |
Commercial property in Lakeland, FL asks $185/SF. The 2 bordering markets run from $186/SF in Auburndale to $299/SF in Winter Haven, and the city sits below their $243/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Lakeland?
How much does it cost to lease commercial space in Lakeland?
How does Lakeland compare to nearby markets on price?
Where does Realmo's Lakeland market data come from?
Methodology & data sources
- Asking prices and medians
- There are 147 active for-sale and 106 active for-lease listings in Lakeland, FL. The medians are based on 86 of the for-sale and 16 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 47,201 zoned acres across 408 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and multifamily vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
