Figures
Polk Industrial Figures - Q1 2025
April 9, 2025 5 Minute Read
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- Total vacancy increased 60 bps to 10.5%, with the promise of improvement next quarter thanks to a pending user purchase of a vacant bulk facility in Lakeland
- Groundbreakings totaling over 920,000 square feet this quarter have replenished the construction pipeline, but won’t deliver until late in the year or early next year
- Average asking rents still boast growth of 36% since 2020, but momentum has slowed over the past year among bulk assets