Lakeland, Tennessee: A Premier Destination for Commercial Real Estate

Introduction

Lakeland, Tennessee, offers a compelling landscape for commercial real estate (CRE) investment, characterized by its strategic location and vibrant economic environment. As a suburban city in Shelby County, Lakeland benefits from proximity to Memphis while maintaining its unique local economy. With a growing population and a focus on sustainable development, Lakeland is becoming increasingly attractive for CRE professionals seeking opportunities in retail, industrial, and office spaces.

Economic and Industry Overview

Lakeland's economy is primarily driven by its proximity to Memphis, a major logistics and distribution hub. Key industries include:

• Logistics and Distribution: Benefiting from Memphis's infrastructure, this sector creates demand for industrial and warehouse spaces.
• Retail: Growing residential communities spur the need for retail developments.
• Healthcare: With access to Memphis's medical district, medical office developments are becoming more prevalent.

The Greater Memphis Chamber supports regional economic growth, fostering a business-friendly environment that boosts CRE demand.

Strategic Location and Transportation Infrastructure

Lakeland's strategic location offers significant logistical advantages:

• Highways: Access to major highways, including I-40, facilitates efficient transportation and distribution.
• Airports: Proximity to Memphis International Airport enhances global connectivity.
• Rail Lines: Connection to major rail networks supports industrial growth.

These transportation assets ensure easy access to labor pools and neighboring markets. Explore more on transportation infrastructure through the Tennessee Department of Transportation.

Commercial Real Estate Inventory & Zoning

Lakeland's CRE landscape includes:

• Industrial Corridors: Key areas along I-40 are ideal for warehouses and logistics facilities.
• Retail Developments: New shopping centers cater to the growing population.
• Office Spaces: Small to medium-sized office developments support local businesses.

Recent zoning updates promote mixed-use developments and sustainable practices. Access Lakeland's zoning maps and parcel viewers for detailed information.

Major Employers and Institutions

Top employers in Lakeland and nearby Memphis include:

• FedEx: A global logistics leader headquartered in Memphis.
• International Paper: A major player in the manufacturing sector.
• St. Jude Children's Research Hospital: A significant medical institution influencing healthcare-related CRE demand.

Visit the Shelby County Economic Development site for more insights into regional business dynamics.

Notable Commercial Developments & Projects

Key projects shaping Lakeland's CRE landscape:

• Mixed-use Developments: Initiatives like The Lake District offer retail, residential, and office spaces in a single location.
• Opportunity Zones: Identified areas provide tax incentives for new developments.

For ongoing projects, check with the Lakeland Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Lakeland provides a range of resources:

• Building and Safety Department
• Permitting Portals
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Leverage comprehensive data sets for informed decision-making:

• Census Bureau Data
• Lakeland Economic Reports

Brevitas integrates AI-powered aggregation from public data and internal insights. Explore Brevitas-powered dashboards for Lakeland here.

Why Use Brevitas for Lakeland, Tennessee CRE?

Brevitas offers unique tools and insights for CRE professionals:

• AI-driven CRE Discovery: Access the latest listings and market trends.
• Real-time Market Alerts: Stay informed about new opportunities.
• Smart Property Pages: Enhance property visibility with auto-generated listings.
• Dealroom Collaboration: Streamline transactions with tailored solutions.

Benefit from exclusive listings and premium exposure with Brevitas's integrated platforms and professional networks.

Discover the power of Brevitas in Lakeland's dynamic commercial real estate market today.