Central Florida Industrial

Over a 1 MM SF delivered by GVP.

5-mile Radius has $186,000 Median Home value, 16% cheaper than Tampa MSA

Investment Thesis

Within Polk County

 

• $186,000 Median Home value, 16% cheaper than Tampa
• 2.3% per annum population growth over the next five years is the highest of the three submarkets
• 75 businesses in Trade and Transport Services with an average of 16 employees per business, the highest average across the three submarkets
• Central Florida hourly warehouse wage 6.3% lower than U.S. average and lowest in the nation

Location

Midpoint of 84 mile I-4 corridor, equidistant between Tampa and Orlando, two of the fastest growing US markets and geographically as large as the Atlanta MSA.

Investment Thesis

Lakeland has seen 7.7 MM SF of net absorption over the last 3 years vs. 6.4 MM SF of new supply, including over a 1 MM SF delivered by GVP team

1.5MM

Sqft.