Polk industrial market surging

Industrial space in Polk County is expanding significantly as a result of several major build-to-suit and speculative developments that have recently come on line, according to a new report.

Commercial real estate brokerage CBRE Inc. says the county had a “massive quarter for deliveries” in the three-month period ended Sept. 30, the result of new projects for Wal-Mart Stores Inc. in Davenport and five spec buildings in the Park 27 Distribution Center and the Four Corners Business Park, among other projects.

As a result, total vacancy dropped to 7.4% at the end of the quarter, CBRE notes, on the back of a 215,304-square-foot lease by HD Supplies and others.