Polk County Industrial Figures - Q2 2026

The composition of demand in Polk County appears to be evolving. As bulk space has come off market
and developers have shifted toward smaller re-laorad facilities, a greater share of the market's
absorption is being driven by smaller building sizes. This could signal the beginning of a rebalancing
within Polk County, where the large bu-ldkistribution users that originally put the market on the map
are increasingly being complemented by a deeper pool of local and regional occupiers seeking sm- aller
format space. At the same time, asking rents continue to reach new highs, reinforcing the market's
growing maturity and strategic importance within Central Florida's logistics network.

Looking ahead, the key story will be how incoming supply aligns with this evolving demand profile.
More than 2 million sq. ft. remains under construction, but a majority of that pipeline is already spoken
for, limiting near -term speculative risk. Beyond the active pipeline, a significant amount of proposed
development remains waiting in the wings, including projects that once again incorporate bulk
buildings as existing large-block availability has dwindled. Whether the next phase of growth is led by
another wave of major distribution users, continued demand from smaller occupiers, or a combination
of both will be one of the most important trends to watch heading into 2027