On average, listings lease in the $20's per square foot per year. The Downtown Lakeland submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 7% increase in rent.
In the last 90 days, 6 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,900 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1958 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Downtown Lakeland residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.