Commercial Real Estate Market in Lakeland, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
443 active listings and 7,571 off-market properties in Lakeland, FL. Commercial property asks $146/SF to buy and $22.60/SF/Yr to lease.
Market Trends
Lakeland, FL spans 257.0 square miles in Polk County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lakeland, FL asks $277/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Lakeland, FL asks $479/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Lakeland, FL runs 6.7% in 2025, down from 7.6% in 2019. Down from a 2024 peak of 8.9%.
Vacancy Rate %
Multifamily
Multifamily space in Lakeland, FL asks $194/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
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
Limited Development
No Zone
Single Family Residential
Single Family Residential
Industrial
Single Family Residential (RA-3)
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.
266,785
Population
115,660
Households
2.3
Avg Household Size
40
Median Age
25%
College-Educated
89%
High-School Grad
257 sq mi
ZIP Area
1,038
Density / Sq Mi
$69,373
Median Household Income
$40,081
Median Earnings
$1,348
Median Rent
$231,505
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Eaton Park | — | — |
| Highland City | — | — |
| Gibsonia | — | — |
| Auburndale | — | $8.73 |
Commercial property in Lakeland, FL asks $146/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lakeland?
Commercial property in Lakeland, FL asks an average of $146 per square foot. The 7 most recent recorded sales traded at a median of $173/SF. Retail carries the highest asking price at $479/SF.
How much does it cost to lease commercial space in Lakeland?
Asking lease rates in Lakeland, FL average $22.60 per square foot per year.
Where does Realmo's Lakeland market data come from?
Realmo compiles Lakeland, FL figures from 8 recent recorded sales, 327 active sale listings, 116 active lease listings, 7,571 tracked off-market properties, the current Lakeland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 327 active for-sale and 116 active for-lease listings in Lakeland, FL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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 August 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 August 2026 · report a data issue
