The Lakeland area is well positioned to attract corporate administration offices because of its low operating costs compared to other U.S. cities, a national report said.
“This is a very positive finding for Lakeland,” said John Boyd Jr., principal of The Boyd Company Inc., a location-consulting firm, which released the report Feb. 7.
In the report titled: “Lakeland Among Top U.S. Cities for the ‘New Normal’ Corporate Offices,” it names Lakeland as one of the top U.S. cities because it ranks second lowest for operating costs among 40 other top suburban office markets across the country.
The report shows total annual operating costs ranging from a high of $19.5 million in Palo Alto, California, to a low of $14.2 million in Wilmington, North Carolina, for a hypothetical 150-worker office.
Operating costs in Lakeland come in at $14.5 million, which is among the lowest on the East Coast in the national survey. Cities with the least operating costs include Franklin, Tennessee, in the central U.S. region; Minden, Nevada, in the western region and Wilmington, North Carolina, in the eastern region.