FL - Lakeland / Winter Haven
FL - Melbourne / Brevard County
DEMOGRAPHICS CBSA
Lakeland Winter Haven, FL
DEMOGRAPHICS
Square Miles
Population
Households
Household Income Median
Employees (Total)
Unemployment
2,010
606,019
228,998
$40,730
245,900
8.40%
CBSA
Palm BayMelbourneTitusville, FL
MARKET HIGHLIGHTS
• Lakeland is a finalist for an Amazon Warehouse. • Lakeland Regional Medical Center announces a new $80 million building and relocates 180 “nonclinical” employees (32,000 SF) downtown.
Square Miles
Population
Households
Household Income Median
Employees (Total)
Unemployment
1,018
536,805
225,977
$56,299
181,926
7.80%
MARKET HIGHLIGHTS
• Port Canaveral is creating the Inland Port in Titusville for
shipping bulk cargo. The $23 million project will connect the port to rail. Port Canaveral is now one of the busiest ports in the world.
• CSX is under construction with their Intermodal Logistics
• Vacancy is falling in Brevard County due to the increase in
• There was continued growth on US Hwy 27 due to LEGOLAND
• Grumman is building a 200,000 SF Manned Aircraft Design
jobs. Brevard County unemployment down to 7.8%.
Center in Winter Haven.
Center of Excellence in Melbourne, creating over 1,000 new jobs.
Florida traffic and residential construction at “4 corners.”
• Residential sales volume is up nearly 30%. Medical prices are
• Homes sales are up over 24%, and national builders are
up over 15%.
having trouble keeping up with demand.
• Downtown Winter Haven continues to redevelop; another 1/2
• Numerous national retailers & restaurants are locating to
block is under construction.
• Florida Polytechnic University, Florida’s 12th university, will open for its 1st class of 500 students in Fall 2014. Plans are to grow to 5,000 enrollment over the next 10 years. The 120,000 SF iconic first building, designed by world famous architect, Santiago Calatrava, will be completed by year end. The curriculum focus is on STEM - science, technology, engineering and math.
Brevard County, including: Bass Pro Outlets, Cheddars and Chipotle.
• NASA is being replaced by the commercialization of the
space industry with companies such as Space X, United Launch Alliance, ATK, Boeing, Lockheed, Orbital Science, Blue Origin and many others.
• LEGOLAND Florida, located in southeast Winter Haven, has
been opened for 1 1/2 years and plans to reach 2 million visitors within 3 years. OFFICE
retail
industrial
multy-family
OFFICE
retail
industrial
multy-family
Vacancy
q
q
q
q
Vacancy
q
q
q
q
Absorption
p
p
p
p
Absorption
p
p
p
p
Rental Rates
n
n
p
p
Rental Rates
p
n
p
p
CONTACT
CONTACT
Coldwell Banker Commercial Saunders Ralston Dantzler Realty
114 N Tennessee Ave. 3rd Floor Lakeland, FL 33801 (863) 648-1528
www.srdcommercial.com
Coldwell Banker Commercial Ed Schlitt, Realtors
21
232 Fifth Ave. Indialantic, FL 32903 (321) 723-9500
cbc.flcoldwellbanker.com