Industrial real estate sector is experiencing sustained growth

Today's design reflects logistics changes that have been influenced by a move to e-commerce. Experts say those shifts will propel new development for years to come.

By Kevin McQuaid
| 12:00 p.m. May 27, 2021
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COURTESY RENDERING â€”Â Parkway Property Investments, of Orlando, has begun work on Lakeland Central Park, a 740-acre industrial hub slated to contain roughly five million square feet of space at build out.

Commercial Real Estate

More than 40 million square feet of new industrial real estate —modern-day warehouses, distribution and fulfillment centers and so-called “last-mile delivery outposts — have been delivered along the Gulf Coast and into Central Florida since 2015, according to data collected by area commercial real estate brokerage firms.

That’s roughly equivalent to all of the office space in Hillsborough and Pinellas counties, and a testament to the strength of the region’s Central and Southwest Florida location and population clustering.