This week, the Radius+ team took a look at the top 3 markets within the top 100 that have delivered the most new supply relative to total in  2026 year-to-date.  All three are in Florida.

Lakeland-Winter Haven, FL

2023: 1.4%

2024: 21.6%

2025: 6.3%

2026: 9%

Lakeland leads the top 100 with over 500,000+ square feet across 7 facilities, on a base of 7 million. Polk County sits on the I-4 corridor and is one of the fastest-growing counties in the country, anchored by Publix, the Winter Haven intermodal logistics center, and major Amazon and Walmart distribution operations. Demand is real, but roughly 2 million square feet delivered in three years will keep rates under pressure until that inventory leases up.

North Port-Bradenton-Sarasota, FL

2023: 6.5%

2024: 7.9%

2025: 8.8%

2026: 8.9%

North Port is the most consistent builder on this list, adding between 6% and 9% new supply in five of the last six years. 2026 is tracking as its largest year yet at 800,000+ square feet across 9 facilities. In-migration and job growth support it, but a market running near 9% for six straight years needs absorption to keep pace every single year. The rental rates show the oversupply story.

Palm Bay-Melbourne-Titusville, FL

2023: 3%

2024: 12.4%

2025: 3%

2026: 5.9%

The Space Coast is the most cyclical of the three. Palm Bay delivered over 12% in 2024, pulled back in 2025, and has returned with 4 new facilities delivered. Brevard County’s aerospace and defense base continues to expand, but layering another 5.9% on top of a 2024 wave still in lease-up will likely stall the rate recovery that started to appear last year.